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IFC lends USD 250 mn to HDFC to promote affordable green housing finance

Green and energy-efficient housing can help cut emissions, as residential housing accounts for about 24 percent of the nation’s electricity consumption, IFC said.

”Green housing is largely regarded as a luxury market in the country, but given its climate benefits, IFC intends to challenge that perception and help boost green affordable housing by partnering with HDFC, with its deep penetration in the Indian housing market and significant commitment to promoting green,” IFC said.

About 90% consumers in India willing to pay a premium for buying EV: Survey

According to the survey, the top reason for buying an EV is environmental concern, with 97 per cent also stating that the COVID-19 pandemic has heightened awareness and concerns about environmental issues. About 67per cent of those looking to buy an EV feel it is their responsibility to reduce their personal environmental impact, and 69 per cent feel buying an EV is one way to achieve this goal.

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