The initiative
ASSURE is realising HPBs at scale in India. Over 2024-2030, ASSURE will offer technical assistance for lighthouse projects spanning 100 million sq. ft., skill/ upskill 12,000 youth and practitioners, support 30 curated innovators, deliver a performance verification platform, and enable policymakers and financial decisionmakers to scale-up adoption of HPBs.
The context
India’s real estate sector is large, rapidly growing, and a major source of emissions. It currently accounts for about 7-8 per cent of the Gross Domestic Product, is projected to grow 5x from 2021 levels by 2030, and accounts for about 21-22 per cent of India’s current emissions.
India will add a billion sq. ft. of commercial building space by 2030, yearly. Given typical building lifespans of 50+ years, conventional commercial buildings can lock-in massive energy and water inefficiency, high carbon emissions, and a poor living and work environment for millions of Indians. Not building them as HPBs will constrain the growth prospects of India’s emerging green economy.
The impact
If even half of India’s new commercial buildings by 2030 are constructed or retrofitted on high performance principles, it will:
Provide a scalable model for other buildings in India and across the globe