Himachal govt forms carbon credit panel to explore additional revenue stream
2 months ago

Himachal govt forms carbon credit panel to explore additional revenue stream

Hindustan Times  

The state government has constituted a Carbon Credit Committee under the chairmanship of additional chief secretary, forests, to explore various aspects of the carbon market and generate additional revenue for the state. Himachal chief minister Sukhvinder Singh Sukhu The ten-member committee will study the existing international and domestic carbon market in order to develop sector-specific study for the state. “This initiative seeks to enhance the capacity of the state government in identifying, developing and implementing carbon credit projects,” said chief minister Sukhvinder Singh Sukhu, in a statement on Tuesday. Chief minister said that the committee would also provide recommendations for re-aligning the new and existing schemes and programmes to maximise the benefits of carbon credits for the state.

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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 …

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. …

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 …

India to bolster carbon trading market with stabilisation fund
2 years, 3 months ago

India to bolster carbon trading market with stabilisation fund

Live Mint  

India is planning a stabilization fund to keep prices of credits in its planned carbon market above a certain threshold, ensuring that they remain attractive for investors and that the market succeeds in cutting emissions, two government sources said. Details would be announced next year, said a third person, Samrat Sengupta, vice president for new businesses and market strategy at …

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