India's path to a greener future
4 months, 1 week ago

India's path to a greener future

Hindustan Times  

India, as one of the fastest-growing economies in the world, has been at the forefront of the global debate on climate change and sustainability. Under this scheme, businesses will be mandated to limit their emissions or purchase carbon credits from more efficient firms, driving significant sectors like power generation, cement, and steel--responsible for a substantial share of India’s emissions--to participate actively. The CCTS in India, while designed as a promising framework for mitigating carbon emissions and encouraging sustainable practices, will face many challenges that could hamper its initial implementation. By aligning with global standards and participating in cross-border carbon credit transactions, India can attract international investment while continuing to innovate in low-carbon technologies India will make significant strides towards becoming a leader among developing nations in carbon market innovations, with its CCTS serving as a testament to market-driven solutions for one of humanity's most pressing challenges — climate change. In summary, India's CCTS will symbolise a proactive approach to climate action, exemplifying how developing nations can leverage market mechanisms to foster sustainable growth while addressing global environmental challenges.

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History of this topic

India reserves the right to grow, says Yadav at NGT meet
2 days, 10 hours ago

India reserves the right to grow, says Yadav at NGT meet

Hindustan Times  

India reserves the right to grow responsibly based on the country’s “national circumstances”, Union environment minister Bhupender Yadav said on Saturday, emphasizing that the global anxieties about the climate crisis cannot force the country into giving up the right to “ensure resources for our people”. “India has fulfilled its Paris Agreement commitments on green energy nine years ahead of the …

Peak emissions and carbon neutrality remain key targets
3 weeks, 6 days ago

Peak emissions and carbon neutrality remain key targets

China Daily  

China will take steps to respond to green trade barriers as it advances toward carbon neutrality, says the Government Work Report that was delivered at the opening of the third session of the 14th National People's Congress on Wednesday. The country will diligently work toward peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, the report said. …

India’s carbon market to be launched in 2026, says power minister
1 month, 1 week ago

India’s carbon market to be launched in 2026, says power minister

Live Mint  

New Delhi: India’s much-anticipated carbon market is likely to be launched by 2026, said Union power minister Manohar Lal. Carbon credits would push manufacturing companies towards green power and lower carbon emissions, which would increase their compliance for exports to countries in the EU. He added, “Through this our industries will also be able to grow as several countries have …

India should double down on climate action in the face of Trump’s policy rollback
1 month, 2 weeks ago

India should double down on climate action in the face of Trump’s policy rollback

Live Mint  

As Donald Trump begins his second term as US president, the world is bracing for a dramatic shift in US climate policy. To counteract volatility, India must strengthen intra-regional trade in carbon credits, aligning with overseas partners like the EU, Japan and Australia—economies that remain committed to climate goals despite the US withdrawal. India, in a bid to become a …

Green Energy revolution on right course
1 month, 4 weeks ago

Green Energy revolution on right course

New Indian Express  

India’s 2025 Union Budget marks a transformative moment in the nation’s journey toward clean energy, unveiling a comprehensive vision that blends nuclear power ambitions, manufacturing prowess, and sustainable development. Finance Minister Nirmala Sitharaman’s announcements reveal a carefully crafted strategy to position India as a global clean energy leader while ensuring energy security and environmental sustainability. At the heart of this …

India’s green energy transition: A vision for a sustainable future
2 months ago

India’s green energy transition: A vision for a sustainable future

Live Mint  

India plans to become a developed economy by 2047. Achieving these ambitious targets in the short- and long-term call for significant energy transitions towards clean energy fuels and technologies including renewables like solar and wind, nuclear, biofuels and CCUS, advancements in storage options and enhancing energy efficiency. Alos read | Data explainer: India’s green energy goals face stiff test The …

What is CBAM and its impact on Indian exports and sustainability
2 months, 2 weeks ago

What is CBAM and its impact on Indian exports and sustainability

India Today  

As the European Union prepares to implement its Carbon Border Adjustment Mechanism in January 2026, Indian export industries are set to undergo a significant transformation. Additionally, the need to purchase carbon certificates for emissions embedded in products may lead to higher production costs, making Indian goods less competitive in the EU market. The implementation of CBAM could reshape global supply …

Rooting for a green future
2 months, 2 weeks ago

Rooting for a green future

New Indian Express  

CHENNAI: Forest fires, gas leaks, heatwaves, and landslides — news of climate-related inundate the news as garbage dumps grow and plastic continues to clog the oceans. In Tamil Nadu’s Krishnagiri, Aadavi, a two-year-old carbon-neutral baby, the state’s first, may hold some answers for the future. In 2021, Dinesh SP and Janaganandhini were at the drawing board, conscious of the concerns …

Role of capital markets for raising green and transition finance
2 months, 3 weeks ago

Role of capital markets for raising green and transition finance

Hindustan Times  

The climate crisis is a global commons problem requiring concerted actions by all. While recognising this, the United Nations Framework Convention on Climate Change has also acknowledged the principle of ‘common but differentiated responsibilities and respective capabilities,’ which assigns greater responsibilities to developed countries in mitigating greenhouse gas emissions and reducing their carbon footprint. Green finance India is a vast …

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy
2 months, 4 weeks ago

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy

The Hindu  

Welcome to the first episode of The Hindu’s Climate Economy! This episode focuses on India’s transport sector, a major contributor to greenhouse gas emissions, and its rapid transition to electric vehicles. Learn about India’s dependency on imported materials like lithium and cobalt, and how the government is addressing supply chain concerns. Join us as we unpack the policies, innovations, and …

Strengthening the roots of an agri-carbon market
3 months, 1 week ago

Strengthening the roots of an agri-carbon market

The Hindu  

Carbon markets hold the potential to transform Indian agriculture, turning sustainable farming practices into a lucrative opportunity for farmers while combating climate change. Businesses exceeding these caps must either purchase carbon credits from projects that mitigate greenhouse gas emissions, such as agroforestry or sustainable agriculture projects, or pay carbon taxes for their extra emissions. To assess the readiness of India’s …

How Carbon Markets are Exploiting Marginalised Communities in the Global South Instead of Uplifting them
3 months, 3 weeks ago

How Carbon Markets are Exploiting Marginalised Communities in the Global South Instead of Uplifting them

The Hindu  

Published : Dec 10, 2024 17:00 IST - 9 MINS READ For Janni Mithula, 42, a resident of the Thotavalasa village in Andhra Pradesh, cultivating the rich, red soil of the valley was her livelihood. What we decide here will enable all of us, particularly those in the Global South, to not only take ambitious mitigation action but also adapt …

The issue of India’s economic growth versus emissions
3 months, 3 weeks ago

The issue of India’s economic growth versus emissions

The Hindu  

The Indian economy has consistently showcased its robust growth over the past few decades. The claim The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than …

India to set up a carbon trading, green bond regulator
3 months, 4 weeks ago

India to set up a carbon trading, green bond regulator

Live Mint  

The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India to regulate carbon trading, two people said. Empowering government The amended Energy Conservation Act, 2022 empowers the Indian government to set up a domestic carbon market and to authorize designated agencies to issue carbon credit certificates. The Indian Carbon Market …

India calls out developed countries over stalled progress on climate issues at COP29
4 months, 2 weeks ago

India calls out developed countries over stalled progress on climate issues at COP29

Live Mint  

New Delhi: At the ongoing 29th Conference of the Parties climate conference in Azerbaijan's capital Baku, India expressed dissatisfaction with the insistence of developed countries to expand the scope of the Mitigation Ambition and Implementation Work Programme from what was agreed upon in the past. India, on behalf of like-minded developing countries, on Thursday said that developed countries need to …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
4 months, 2 weeks ago

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets

Live Mint  

New Delhi: A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission …

Opinion: By Making Emission Cuts A Moneyspinner, India’s Carbon Credit Trading System Will Prove A Gamechanger
4 months, 2 weeks ago

Opinion: By Making Emission Cuts A Moneyspinner, India’s Carbon Credit Trading System Will Prove A Gamechanger

ABP News  

By Utkarsha Pathak and Ritwik Bahuguna India, as one of the fastest-growing economies in the world, has been at the forefront of the global debate on climate change and sustainability. CCTS In Action – Impact Across Industries Under the CCTS, businesses will be mandated to limit their emissions or purchase carbon credits from more efficient firms, driving significant sectors like …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
4 months, 3 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

New carbon trading platform seen as key to green goals
4 months, 3 weeks ago

New carbon trading platform seen as key to green goals

China Daily  

This undated photo shows a bird's eye view of Qianhai of Shenzhen, Guangdong province. Shenzhen's new carbon trading platform marks a significant step toward China's push for carbon neutrality, as it will revolutionize carbon trading and set up a comprehensive system to measure and label greenhouse gas emissions in the Guangdong-Hong Kong-Macao Greater Bay Area, experts said. China's progress toward …

Streamlining India's Carbon Credit Market: A Crucial Step for a Sustainable Future
5 months ago

Streamlining India's Carbon Credit Market: A Crucial Step for a Sustainable Future

Hindustan Times  

India's carbon credit market faces challenges such as a lack of a central authority to oversee regulations, inconsistent verification processes, and high costs. To address these challenges, the government should establish a streamlined, centralized authority to oversee the market, develop clear and comprehensive regulations, align with international standards, and invest in training programs to equip stakeholders with the necessary skills. …

India's Carbon Pricing Gambit: A Catalyst for Sustainable Growth
Trending News
5 months ago

India's Carbon Pricing Gambit: A Catalyst for Sustainable Growth

Hindustan Times  

India stands at a pivotal moment to harness the potential of carbon pricing through its forthcoming Carbon Credit Trading Scheme (CCTS). The country has made substantial progress toward establishing its own CCTS, with the Bureau of Energy Efficiency facilitating multiple stakeholder discussions and publishing the detailed procedure for the CCTS compliance mechanism in July 2024. However, ensuring the success of …

A climate crisis agenda remains urgent
6 months, 2 weeks ago

A climate crisis agenda remains urgent

The Hindu  

The next five years are critical for India’s climate action efforts, given its ambitious 2030 targets. Key environmental issues that need urgent attention include reducing heat stress, improving air quality, managing waste, and enhancing energy efficiency. Encouraging businesses to view climate action as an opportunity rather than a challenge is essential, and acting swiftly on India’s carbon market is a …

Establishing a carbon market
7 months ago

Establishing a carbon market

The Hindu  

In her Budget speech, the Finance Minister signalled that polluting industries, such as iron, steel, and aluminium, will have to conform to emission targets. PAT versus emissions trading The Bureau of Energy Efficiency defines PAT as a “regulatory instrument to reduce specific energy consumption in energy-intensive industries, with an associated market based-mechanism to enhance the cost effectiveness through certification of …

Country's green and low-carbon development contribution to world
7 months, 2 weeks ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

Country's green and low-carbon development contribution to world
7 months, 2 weeks ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
8 months, 1 week ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

Navigating carbon markets: Strategies for sustainable businesses
8 months, 3 weeks ago

Navigating carbon markets: Strategies for sustainable businesses

Hindustan Times  

In the face of escalating climate crisis concerns, businesses across industries are recognising the urgency to reduce their carbon footprint and transition towards a sustainable, low-carbon future. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} By strategically engaging in carbon reduction initiatives and trading in the carbon market, organisations have the potential to optimise costs and unlock new revenue streams. The implementation of proactive …

Navigating carbon markets: Strategies for sustainable businesses
8 months, 3 weeks ago

Navigating carbon markets: Strategies for sustainable businesses

Hindustan Times  

In the face of escalating climate crisis concerns, businesses across industries are recognising the urgency to reduce their carbon footprint and transition towards a sustainable, low-carbon future. Investing in robust data management systems, incorporating advanced monitoring technologies and rigorous verification processes, is essential to maintain transparency and credibility in the carbon market. The implementation of proactive carbon asset management practises …

Carbon neutrality: How is India placed?
1 year, 1 month ago

Carbon neutrality: How is India placed?

Live Mint  

In an era grappling with the effects of climate change and environmental degradation, the imperative for businesses to embrace sustainability and pursue carbon neutrality has never been more clear. The pathway to carbon neutrality and sustainability in India's circular economy begins with robust governmental support and policy frameworks. Improved waste collection and segregation systems, recycling facilities, and extended producer responsibility …

India to Add 4 Million Green Jobs by Next Fiscal
1 year, 1 month ago

India to Add 4 Million Green Jobs by Next Fiscal

Deccan Chronicle  

Chennai: Green industry in India provides 18.5 million jobs and is expected to add 4 million more by FY25.“ In India, green industry employs 18.5 million individuals, and there is an anticipation that we would be growing and adding around 4 million more jobs by FY25,” said Nidhi Pant, a 2023 winner of the UK’s Earthshot Prize and co-founder of …

Empowering marginalised communities in carbon markets
1 year, 2 months ago

Empowering marginalised communities in carbon markets

Hindustan Times  

The climate crisis is one of the most pressing issues facing humanity today. India holds immense potential for transforming climate action by empowering marginalised rural communities and urban informal settlements within carbon markets. Appropriately designed financial incentives from carbon credit markets hold exciting potential for empowering marginalised communities economically and advancing climate mitigation opportunities. The strategies explored in this paper …

Unleashing innovation: How technology companies in India are embracing carbon credits
1 year, 3 months ago

Unleashing innovation: How technology companies in India are embracing carbon credits

Firstpost  

By embracing carbon credits, technology companies can foster a greener future and set an example for other sectors to follow, thereby accelerating the global transition to a sustainable and carbon-neutral economy “A sustainable world is a responsibility we all share.” As the world grapples with the urgent need to address climate change, technology companies are increasingly recognising the importance of …

COP28: India’s urban population is exploding. That could have huge consequences for the planet
1 year, 3 months ago

COP28: India’s urban population is exploding. That could have huge consequences for the planet

CNN  

New Delhi CNN — Over half a century ago, India’s then Prime Minister Indira Gandhi talked about the staggering challenge for developing nations: to industrialize without harming the environment. Addressing the opening session of the COP28 climate talks in Dubai on Friday, India’s current prime minister, Narendra Modi, said all developing countries must be given “a fair share in the …

COP28: PM Modi's Green Credit Scheme For More Carbon Sinks Through People's Participation — Explained
1 year, 3 months ago

COP28: PM Modi's Green Credit Scheme For More Carbon Sinks Through People's Participation — Explained

ABP News  

New Delhi: Prime Minister Narendra Modi, while addressing the COP28 summit in Dubai on Friday, launched the Green Credit Initiative focused on creating carbon sinks through people’s participation. Under the government’s Green Credit Programme, environment actions will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions. “The Green …

World Savings Day: How India's Millennials & Rich Drive Sustainable Investing?
1 year, 5 months ago

World Savings Day: How India's Millennials & Rich Drive Sustainable Investing?

News 18  

In the global transition towards sustainable financial choices, India is making waves. While at its nascent stage, India’s journey toward sustainability is marked by robust government action, regulatory push, a surge in ESG-centric funds, and corporate commitment to greener practices. Government and Regulatory Backing Government’s Initiatives: Top Indian fund houses are on the cusp of rolling out ESG-focused offerings, with …

COP28: Why India's role is pivotal in climate justice and finance
1 year, 5 months ago

COP28: Why India's role is pivotal in climate justice and finance

Firstpost  

India, along with other developing countries, is pushing for a new global climate finance target, acknowledging the growing costs of addressing and adapting to climate change India’s stance at COP28, the United Nations Climate Change Conference, centres around the importance of adaptation and equity in addressing climate change. Over the past two years, developed economies have also collaborated with major …

Carbon trading can help India become net zero by 2040: Nadir Godrej
1 year, 6 months ago

Carbon trading can help India become net zero by 2040: Nadir Godrej

Live Mint  

Business tycoon Nadir Godrej, the chairman and managing director of Godrej Industries, believes that with the right incentives – and disincentives – in place, carbon trading can help India become net zero by 2040. Godrej believes the government’s recent move to put in place carbon emission reduction goals for the petrochemical industry will open up the market for carbon trading. …

India succeeds in reducing greenhouse emissions rate by 33% over 14 years: Report
1 year, 7 months ago

India succeeds in reducing greenhouse emissions rate by 33% over 14 years: Report

Hindustan Times  

India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. The report's findings showed India well on the way to meeting a commitment to the United Nations Convention on Climate Change, to reduce emissions …

India’s per capita carbon emissions remain low: Union Power Minister
1 year, 8 months ago

India’s per capita carbon emissions remain low: Union Power Minister

Live Mint  

New Delhi: India’s per capita carbon emissions have been hailed as significantly low amidst growing concerns over climate change, said Union minister for power and new & renewable Energy R.K. Singh. R.K. Singh emphasized that India’s per capita carbon emissions stand at approximately 2.29 tons, a figure significantly lower than the global average of 6.3 tons. Commending India’s leadership in …

Green Credit Programme and India's Net Zero Transition: From Intent to Action
1 year, 8 months ago

Green Credit Programme and India's Net Zero Transition: From Intent to Action

Deccan Chronicle  

India's Net Zero transition has reached a crucial juncture with the announcement of the introduction of the Green Credit Programme and the formation of India's domestic regulated carbon market. The Green Credit Programme offers individuals, companies, and local bodies the opportunity to earn "green credits" for their contributions to sustainable activities such as tree plantation, water conservation, and waste management. …

India Today Roundtable discusses India's efforts to reduce carbon footprint
1 year, 8 months ago

India Today Roundtable discusses India's efforts to reduce carbon footprint

India Today  

The India Today Roundtable discussed India's efforts to reduce its carbon footprint and meet its commitments to cut carbon emissions by 2030. They highlighted that while India's per capita emissions are low, the country is the third largest emitter of carbon dioxide after China and the US. India has made several major commitments to address this issue, including increasing renewable …

How is the EV industry driving India towards a sustainable future?
1 year, 9 months ago

How is the EV industry driving India towards a sustainable future?

Deccan Chronicle  

Changing climatic conditions are profoundly impacting the consciousness of humanity. EVs in India have emerged as a successful alternative to traditional ICE vehicles that emit harmful emissions into the environment. Particularly when compared to ICE vehicles and exhaust systems, electric motors are relatively quieter and, as a result, generate less noise pollution. EVs as promoters of green growth India is …

Need For Climate-Tech And Sustainability Investments In India
1 year, 9 months ago

Need For Climate-Tech And Sustainability Investments In India

ABP News  

In recent years, India has emerged as a global powerhouse, fuelled by its rapidly expanding economy and burgeoning population. Koneru Satyanarayana, chancellor, KL Deemed to be University, said "India, as one of the world's largest and fastest-growing economies, faces a crucial need to prioritise climate-tech and sustainability investments in order to mitigate the damaging effects of climate change and ensure …

How India’s Waterways Can Carry its Freight and Reduce Carbon Emissions - News18
1 year, 10 months ago

How India’s Waterways Can Carry its Freight and Reduce Carbon Emissions - News18

News 18  

Can India’s massive maze of waterways move its freight, bring in more money and reduce carbon emissions? Additionally, the Union Ministry of Ports, Shipping and Waterways is working on a Rs 5,000 crore package to facilitate the construction of vessels for inland waterways ships to promote the “Make in India” initiative. Further, a recent Council on Energy, Environment and Water …

Business Matters | Why is the rising cost of coal-fired power plants good news for India?
1 year, 10 months ago

Business Matters | Why is the rising cost of coal-fired power plants good news for India?

The Hindu  

Why is the rising cost of coal-fired power plants good news for India? It said that achieving net zero – which India aims to reach by 2070 – will require adjustments to how people live, work, and move around—and some of these changes will be costly. First, India expects to increase investments in coal-fired power plants to help power economic …

Power, environment ministries to develop carbon credit trading scheme for decarbonisation
1 year, 10 months ago

Power, environment ministries to develop carbon credit trading scheme for decarbonisation

The Hindu  

Union ministries of power and environment, forests & climate change will develop a carbon credit trading scheme for decarbonisation. The government plans to develop the Indian Carbon Market where a national framework will be established with the objective to decarbonise the Indian economy by pricing the Green House Gas emission through trading of the carbon credit certificates, a power ministry …

Rich nations must scale up emission cuts: India at meet
1 year, 11 months ago

Rich nations must scale up emission cuts: India at meet

The Hindu  

April 15, 2023 02:12 pm | Updated April 16, 2023 12:22 am IST - New Delhi Meeting the global target of achieving net zero emissions by 2050 will require developed nations to scale up their emission reduction efforts, India said at the G7 Ministers Meeting on Climate Energy and Environment in Japan's Sapporo on Saturday. This will create opportunities for …

A clean gamble: The Hindu Editorial on carbon trading
2 years, 1 month ago

A clean gamble: The Hindu Editorial on carbon trading

The Hindu  

The Centre is expected to clarify, later this year, the specifics of a carbon trading market in India. Here, industrial projects in developing countries that avoided greenhouse gas emissions were eligible for credits that, after verification, could be sold to European companies that could buy them in lieu of cutting emissions themselves. Alongside are the EU-Emissions Trading Systems where government-mandated …

Centre in final stages of notifying emissions trading scheme
2 years, 1 month ago

Centre in final stages of notifying emissions trading scheme

The Hindu  

After the passing of the Energy Conservation Bill last December, the Centre is now in the final stages of notifying an Emissions Trading Scheme that would require polluting industries to achieve certain standards of energy efficiency and permit them to ‘trade’ these improvements. One official said that one significant difference in the Indian emissions trading scheme from the ones in …

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