Introduction: As part of the Paris Agreement’s comprehensive framework for climate action, a Mechanism for Sustainable Development has been established to drive mitigation efforts by both private and public entities. Going beyond individual projects, this mechanism is designed to deliver holistic mitigation results while ensuring sustainable development. In this exploration, Read more…
Introduction: As the world grapples with the urgent need to address climate challenges, the establishment of effective and standardized mechanisms for emissions trading becomes paramount. This article explores the common building blocks crucial for the success of climate markets, encompassing elements such as common issuance processes, registry and tracking services, Read more…
Introduction: The quest for effective climate action has seen a surge in political momentum towards stronger carbon pricing, exemplified by the dedication reflected in the success of Article 6 of the Paris Agreement. This article explores the concerted efforts and achievements in advancing carbon pricing over the past few years, Read more…
Introduction: Article 6 of the Paris Agreement emerges as a pivotal section, offering a framework for cooperative approaches in the pursuit of climate mitigation and sustainable development. The intricate provisions within this article delve into internationally transferred mitigation outcomes, rules for carbon market accounting, and the integration of sustainable development Read more…
Introduction: In the global effort to combat climate change, the Paris Agreement has emerged as a groundbreaking framework that transcends borders and unites nations in the pursuit of a sustainable future. Among the pivotal outcomes of the Paris Agreement is the focus on carbon markets—a key element in the arsenal Read more…
In a world grappling with the realities of climate change, the words of Mahatma Gandhi ring truer than ever: “Earth provides enough to satisfy every man’s needs, but not every man’s greed.” Our pursuit of sustainability is not just a choice but a necessity, especially in fast-developing nations like India. Read more…
“Climate change is the defining issue of our time, and we are at a defining moment.” – United Nations Secretary-General António Guterres. The global landscape of carbon markets is evolving rapidly, with a significant shift towards more robust and comprehensive systems aimed at mitigating the impact of greenhouse gas emissions. Read more…
“In the race against climate change, there is no finishing line” – Narendra Modi As we approach COP 28 in Dubai, the world stands at a critical juncture in its fight against climate change. The summer of 2023 has been a stark reminder of our vulnerability, with uncontrolled wildfires in Read more…
In recent years, the conversation around emissions trading schemes (ETS) has gained substantial momentum, and for good reason. These systems have the potential to revolutionize the way we tackle air pollution and environmental degradation. One remarkable success story in this regard is the Surat Emissions Trading Scheme, which has not Read more…
Introduction to Climate Change and Its Multifaceted Impacts Climate change presents a complex and multifaceted challenge, manifesting in both extreme and slow onset events. The United Nations Framework Convention on Climate Change (UNFCCC) in 2019 shed light on the diverse nature of these impacts, emphasizing the need for a comprehensive Read more…