Introduction India’s commitment to the Paris Agreement has catalyzed the establishment of the Indian Carbon Market (ICM), aimed at reducing greenhouse gas (GHG) emissions across various sectors. This detailed guide explores the compliance mechanisms under the ICM with a focus on the cement industry, known for its significant carbon footprint. Read more…
The agriculture sector, pivotal in global food production, also plays a significant role in emitting greenhouse gases. However, innovative carbon credit methodologies offer opportunities to transform this sector into a vital part of the climate solution. By adopting carbon sequestering practices, farmers can generate carbon credits, creating financial incentives while Read more…
As the global community pushes towards sustainability, agriculture is increasingly seen not just as a source of food but also as a potential contributor to carbon sequestration efforts. Here’s how the agriculture sector is leveraging practices that not only reduce or remove carbon dioxide from the atmosphere but also transform Read more…
Understanding Carbon Credits Carbon credits are a key component in the fight against climate change. They represent a reduction of one metric ton of carbon dioxide emissions or an equivalent amount of other greenhouse gases. These credits can be traded on markets, either compliance or voluntary, offering a financial incentive Read more…
In the ongoing battle against climate change, economic tools play pivotal roles in guiding corporate and public behavior towards sustainable practices. Among these, carbon pricing emerges as a vital strategy, effectively addressing the hidden costs of carbon emissions that otherwise burden our societies and ecosystems. By internalizing the externalities associated 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: In the face of escalating climate challenges, collaborative efforts among nations have become instrumental in shaping innovative solutions. One such exemplary initiative is the Joint Crediting Mechanism (JCM), where countries including Japan, Mexico, Maldives, Cambodia, Vietnam, Kenya, Palau, Costa Rica, Ethiopia, Indonesia, Bangladesh, Laos, and Mongolia unite to combat 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…
The stage is set for COP 28 in Dubai, an event that marks a significant chapter in the carbon market’s history. This trajectory, which has been at the heart of the international response to climate change, deserves a look back as we stand on the cusp of further progress. The Read more…
Introduction India is embarking on a transformative journey to combat climate change through the establishment of the Indian Carbon Market (ICM). This initiative is a strategic response to the urgent need for decarbonization and aligns with global efforts to price and trade carbon emissions. The ICM draws inspiration from established Read more…