Shaping India's Carbon Strategy: Insight from India Climate Week 2025
Key Ideas
- High-level panels at India Climate Week discussed carbon avoidance and removal solutions under Article 6 of the Paris Agreement.
- Experts emphasized the need for strengthening institutional capacities, leveraging ITMOs for investments, and incentivizing green hydrogen projects.
- Key focus areas included urban transport transformation, compliance market progress, and aligning policies to support CCUS and CDR technologies.
- The discussions highlighted the importance of industry compliance, international collaboration, and creating a regulatory environment supportive of green technologies.
The Carbon Markets Association of India (CMAI) organized a significant event, India Climate Week 2025, in New Delhi. The discussions revolved around carbon avoidance and removal solutions under Article 6 of the Paris Agreement. The panels featured distinguished experts who emphasized the importance of strengthening institutional capacities for scaling green hydrogen and other GHG mitigation technologies. The experts also discussed leveraging Internationally Transferred Mitigation Outcomes (ITMOs) to attract investments and opportunities in carbon markets.
The discussions highlighted India's commitment to increasing energy efficiency and the potential of technologies to generate carbon credits. The government of India is incentivizing green hydrogen projects and working on policies to support CCUS and CDR technologies. The panels also stressed the importance of complying with international norms, industry standards, and creating an enabling regulatory environment to support the deployment of green technologies.
The second panel focused on carbon removal solutions and explored the practical path forward for CCUS and CDR technologies in India. The discussions emphasized the importance of capacity building, international collaboration, and aligning policies to actively support these technologies. Industry compliance, capitalizing on international collaboration, and creating a supportive regulatory environment were highlighted as crucial elements in the adoption and implementation of CCUS and CDR technologies.
Overall, the event shed light on the positive strides India is taking towards implementing Article 6 of the Paris Agreement and the importance of global cooperation in addressing climate change through green technologies and carbon markets.