Climate-smart capital budgeting for MCC projects on the agenda.
A two-day workshop on climate-smart capital budgeting under the Sustainable Cities Integrated Approach Pilot (SCIAP) project of the United Nations Industrial Development Organisation (UNIDO), in association with the Ministry of Housing and Urban Affairs for the officials of the Mysuru City Corporation, got off to a start here on Monday.
Mayor Sunanda Palanetra inaugurated the workshop while Nand Pal Singh, Senior Technical Advisor, UNIDO, spoke about the project.
The SCIAP is being implemented in Mysuru and four other cities – Vijayawada, Guntur, Bhopal and Jaipur – by UNIDO with funding assistance from the Global Environment Facility (GEF). The technical assistance activity supports MCC officials and technical staff with enhanced capacity to produce capital investment plans with a specific focus on climate-smart and resilient attributes and make effective financial decisions for the investment plans, a release said.
UNIDO has partnered with the University of Washington (Seattle) in executing the capital budgeting exercise. The team of Janice Whittington, Adrienne Greve from California State Polytechnic University, and Sujatha Srikumar introduced an Excel-based capital investment planning model on day 1 of the workshop, offering a step-by-step process for energy auditing, carbon emission forecasting, and lifecycle cost analysis for select projects of MCC, according to the release.
source/content: thehindu.com (headline edited)