Empowering India's Green Energy Transition: National Carbon Market Workshop Highlights
Key Ideas
  • The Ministry of New & Renewable Energy and the Carbon Markets Association of India organized a workshop in New Delhi focusing on 'Accelerating Green Hydrogen and Clean Energy' to achieve India's net zero targets.
  • Industry leaders discussed strategies for engaging buyers within the Indian Carbon Market, ensuring transparency, and harnessing carbon finance for green energy transition.
  • Key officials like Minister Pralhad Venkatesh Joshi emphasized India's commitment to climate action, leveraging global carbon markets, and the country's significant progress in renewable energy capacity installation.
  • The event underscored the importance of the international voluntary carbon market in mobilizing investments for India's green energy transition and highlighted CMAI's role in enabling India's journey towards a net-zero future.
The Ministry of New & Renewable Energy, in collaboration with the Carbon Markets Association of India (CMAI), EY, and Shakti Sustainable Energy Foundation, held a national workshop in New Delhi titled 'Accelerating Green Hydrogen and Clean Energy' to advance India's net zero goals. The workshop featured discussions on carbon market opportunities for Nationally Determined Contributions (NDCs), engagement strategies within the Indian Carbon Market, and ensuring integrity and transparency. The event included sessions led by key figures such as Minister Pralhad Venkatesh Joshi, Secretary General Rohit Kumar, and President Manish Dabkara from CMAI. Minister Joshi highlighted India's growth strategy and commitment to decarbonizing hard-to-abate sectors, while emphasizing the significance of the Panchamrit growth strategy and recent budget announcements. Officials like Secretary Bhupinder Singh Bhalla and Joint Secretary Nameeta Prasad discussed India's strategic priorities, the need to leverage global carbon markets, and the country's deep commitment to participating in both domestic and international carbon markets. The workshop also shed light on the role of the international voluntary carbon market in generating carbon finance for India's green energy transition. CMAI, as the only association in India dedicated to enabling the country's net-zero future, is actively engaged in monitoring carbon emissions across various projects and sectors. The workshop underscored the urgency of climate action and the importance of collaborations to drive investments for India's sustainable energy future. Overall, the event highlighted the key role of carbon markets in India's journey towards a greener and more sustainable future.
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