India's Strategic Step Towards Carbon Market Development and Decarbonization Promotion
Key Ideas
- The Indian Institute of Corporate Affairs and the Carbon Market Association of India signed an MoU in New Delhi to strengthen India's carbon markets and support decarbonization initiatives.
- Minister Nitin Gadkari emphasized the importance of green hydrogen and biofuels for India's economic and environmental future during the IICA-CMAI Masterclass.
- The partnership between CMAI and IICA will focus on training programs, research opportunities, and workshops to accelerate sustainable business initiatives in India.
- The collaboration aims to equip industry professionals, policymakers, and academicians with the necessary knowledge to navigate India's evolving carbon markets and transition to a low-carbon economy.
In New Delhi, the Indian Institute of Corporate Affairs (IICA) and the Carbon Market Association of India (CMAI) signed a Memorandum of Understanding (MoU) to boost India's carbon markets and advance decarbonization efforts. The Minister for Road, Transport & Highways, Nitin Gadkari, highlighted the crucial role of green hydrogen and biofuels in shaping India's economic and environmental path during the IICA-CMAI Masterclass on Global & Indian Carbon Markets. The partnership between CMAI and IICA aims to establish a robust ecosystem for carbon markets in India through training programs, research opportunities, and workshops. CMAI will act as the knowledge partner to IICA, focusing on accelerating sustainable business initiatives and supporting the growth of the corporate sector. By leveraging CMAI's industry expertise and IICA's institutional strength, the collaboration seeks to provide essential knowledge and expertise to industry professionals and policymakers to navigate the evolving carbon markets and facilitate India's transition to a low-carbon economy.