E Would Like To Lead And Drive The Shift Toa Net Zero Economy Joining Coalition Only Reiterates Our Commitment This Quot Rmz Is Synonymous With Industry Leading Sustainability Best Practices Building Of Efficient Resilient Properties That Are Future Ready As One Country 39s Largest Developers Owners Real Estate News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Bengaluru (Karnataka) [India], December 21 (ANI/GPRC): RMZ Corp, one of Asia's largest privately owned real estate owners and developers, has become the first Indian real estate company to be one of the first signatories of the First Movers Coalition (FMC). FMC is a global decarbonization initiative launched by the World Economic Forum and the US government during COP26. At COP27 in Egypt, the 65-member coalition committed USD 12 billion to commercialize zero-carbon technologies and cut emissions and focuses on cleaning up one of the world's most carbon-intensive industry sectors through purchasing commitments for low-carbon technology. RMZ Corp joined the coalition along with nine other companies at COP27. As an FMC company, it has committed to purchase at least 10 per cent of near-zero cement and concrete per year by 2030. Cement & Concrete make up 7 per cent of global emissions today. To decarbonize the cement sector, emerging technologies in carbon capture, use, and sto