Encourage green buildings through tax incentives: Vice President

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The Vice President of India M. Venkaiah Naidu appealed to the Finance Commissions and local bodies to encourage green buildings through various measures including tax incentives. He also wanted all states to create online portals to provide single window clearance to green buildings.

Virtually inaugurating the 12th GRIHA (Green Rating for Integrated Habitat Assessment) Summit, organised by the GRIHA Council from Hyderabad to, the Vice President said that there is a need to promote green building concept by both the private sector and the government. The Finance Commissions and local bodies should encourage green buildings through various measures including tax incentives.

Quoting the World Green Building Council data, the Vice President said that buildings and construction account for 39% of energy-related CO2 emissions in the world and called for accelerating the process of total de-carbonization of the built environment.

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