Business India ×
 Climate Change

Carbon Trading
Published on: April 27, 2022, 12:31 p.m.
India plans carbon market

By Business India Editorial

As the largest exporter of carbon credits, India is planning to have its own uniform carbon market in one year as a large finance avenue for energy transition projects and emission reduction, it is reported.

According to an analysis by Deloitte Economics Institute, India could gain $11 trillion over 50 years by pulling back rising global temperatures and realising its potential to ‘export decarbonisation’ to the world.

The government is considering a change in legislation for implementing the carbon trading scheme that will subsume all such present tradable certificates. The proposal is also to have a closed market that doesn’t allow export of such clean certificates in international carbon markets.

At the moment the current schemes are very limited as buyers are limited. Once a formal carbon trading market is opened up, and a conversion factor of every such certificate into how much CO2 has been avoided is put in place, the resultant market will be very large.

Setting up of emission targets is not ruled out, but is unlikely to happen soon. The market will let green plants and energy efficient units estimate earnings this will help earnings through carbon trade, which in turn will help boost and finance more such projects.

The government is initially planning to begin with a voluntary market considering net-zero announcements made by large corporations. Under the present Perform, Trade and Achieve scheme – Energy Saving Certificates (ESCerts) are traded. Likewise, renewable energy certificates (RECs) are traded to let entities meet renewable purchase obligations.


Mobility

As companies line up new products, competition hots up

New EVs in the fray

Published on Jan. 25, 2023, 8:20 p.m.

As companies line up new products, competition hots up

Shipping

Embracing the wind to reduce emissions is a growing trend in the shipping industry

Ships get ‘greener’

Published on Jan. 25, 2023, 7:58 p.m.

Embracing the wind to reduce emissions is a growing trend in the shipping industry

Renewable Energy

BPCL signs MoU with Rajasthan to set up a 1 GW RE plant

BPCL to set up 1GW RE plant

Published on Jan. 25, 2023, 7:40 p.m.

BPCL signs MoU with Rajasthan to set up a 1 GW RE plant

Investment

The government mulls to issue its first green bonds at a 'greenium’

Green bonds on cards

Published on Jan. 25, 2023, 7:10 p.m.

The government mulls to issue its first green bonds at a 'greenium’

E-MAGAZINE

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use