As we delve into the world of carbon markets and climate mitigation, the importance of the Paris Agreement and its components, particularly Article 6, cannot be overstated. This provision paves the way for countries to accomplish their Nationally Determined Contributions (NDCs) in the most economically efficient manner. Carbon Markets: The Read more…
At the confluence of rigorous research and comprehensive analysis, the University of Maryland and the Pacific Northwest National Laboratory have produced an enlightening paper. This work, titled “How much could Article 6 enhance Nationally Determined Contribution ambition toward Paris Agreement goals through economic efficiency?” was proudly presented in the Climate Read more…
Carbon Neutrality Being carbon neutral means that through a combination of reducing and offsetting carbon emissions, your net contribution of greenhouse gases to the atmosphere is zero. This can seem like a daunting task at first. Many people have concerns about how practical or economically feasible carbon neutrality is for Read more…
Climate change is a looming global challenge that needs our immediate attention. It is vital that everyone, including individuals and corporations, contribute to alleviating the impact. One effective tool to help achieve this is the purchase of carbon credits. But what are carbon credits? In simple terms, a carbon credit Read more…
The real estate sector, which is synonymous with high consumption and emission of greenhouse gases, is undergoing a transformation in India. Indian companies have been demonstrating leadership in tackling climate change by committing to net-zero targets. These initiatives fall under four critical domains – net-zero energy, net-zero water, net-zero waste, Read more…
The Budget 2023 has made several key announcements regarding India’s green growth agenda. Among these, the establishment of regulations for the Green Credits Programme, governed by the Environmental Protection Act, stands out as a significant initiative. This programme aims to mitigate climate change, build adaptive capacity, improve the overall state Read more…
It’s an undeniable fact – the world is warming, and it’s largely due to human activities. Thankfully, nations around the globe are taking active steps to curb greenhouse gas emissions, and India is no exception. At the heart of this environmental commitment in India lies the Bureau of Energy Efficiency Read more…
The Green Credit Scheme, an innovative initiative by the Ministry of Environment, Forest and Climate Change, India, has been designed to encourage sustainable practices across various sectors. The first category of this scheme, the Tree Plantation-based Green Credit, aims to enhance the green cover across the country through tree plantation Read more…
The Ministry of Power has recently launched the Carbon Credit Trading Scheme 2023, a revolutionary initiative designed to curb greenhouse gas emissions and foster sustainable energy. This scheme is a testament to the government’s commitment to the Paris Agreement and its goal of limiting global warming to well below 2 Read more…
Past financial commitments towards environmental initiatives by developed nations have often come under scrutiny due to issues related to their implementation, delivery, and overall effectiveness. In designing a global fund for climate and biodiversity, the following concerns should be addressed: