Empowering India's Journey to Net-Zero: Insights from National Carbon Market Workshop
Key Ideas
  • Ministry of New & Renewable Energy, in collaboration with CMAI, EY, and Shakti Sustainable Energy Foundation, hosted a workshop in New Delhi focusing on 'Accelerating Green Hydrogen and Clean Energy' to support India's net zero objectives.
  • Discussions at the workshop covered crucial topics like carbon market opportunities for NDCs, engaging buyers in the Indian market, and ensuring transparency and integrity.
  • Industry leaders highlighted the significance of carbon finance through international voluntary carbon markets for driving investments in India's green energy transition.
  • CMAI, a key player in India's carbon market landscape, is actively involved in enabling the country's net-zero future by working on numerous projects across sectors and continents.
The Ministry of New & Renewable Energy partnered with the Carbon Markets Association of India (CMAI), EY, and Shakti Sustainable Energy Foundation to organize a national workshop in New Delhi titled 'Accelerating Green Hydrogen and Clean Energy.' The event aimed to aid India in achieving its net zero targets and emphasized strategies for engaging buyers in the carbon market while ensuring transparency. Various sessions were held, including an insightful panel discussion on leveraging India's position in the international voluntary carbon market. The workshop was graced by Pralhad Venkatesh Joshi, Minister of New and Renewable Energy, who highlighted the importance of carbon markets for decarbonizing challenging sectors and reaffirmed India's commitment to climate action. The event shed light on the urgency of climate action and emphasized the role of international voluntary carbon markets in mobilizing investments for India's green energy transition. Key speakers like Bhupinder Singh Bhalla, Secretary of MNRE, and Manish Dabkara, President of CMAI, emphasized India's strategic priorities and its leading role in the international voluntary carbon market as a major supplier of credits from renewable energy projects. They also stressed the importance of global carbon markets in driving India's green energy agenda. The Carbon Markets Association of India, as the workshop's knowledge partner, played a pivotal role in sharing insights and industry feedback for the growth of the carbon market. The association, dedicated to achieving India's net-zero future, is actively involved in monitoring carbon emissions and facilitating finance for projects across various sectors and geographies. The workshop underscored the critical need for collaboration and action in the carbon market space to accelerate India's green energy transition and meet its climate goals. Through discussions and presentations, the event showcased India's commitment to participating in both domestic and international carbon markets, highlighting the country's strides in renewable energy capacity installation and its efforts to harness carbon finance for sustainable development.
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