Indian govt takes decisive steps on creating carbon credit markets
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- Опубліковано 13 тра 2024
- #CarbonCredit, #Sustainability, #RenewableEnergy, #ClimateAction, #CarbonMarket
#GreenEconomy, #CleanEnergy, #EmissionsReduction, #ClimatePolicy, #CarbonOffset
#LowCarbonFuture, #CarbonNeutral, #GreenInvestment
#ESG, #Sustainability, #CorporateResponsibility, #SustainableBusiness
#EthicalInvesting, #greeninvestment , #ESGInvesting, #ESGReporting, #EcoFriendly, #ImpactInvesting
In the final week of June 2023, two groundbreaking events unfolded in India, propelling the nation closer to its net-zero commitments. On 26th June, the Ministry of Environment, Forests, and Climate Change introduced the ‘draft Green Credit Programme Implementation Rules, 2023’, while a mere two days later, on 28th June, the Ministry of Power notified the Carbon Credit Trading Scheme, 2023. Join us in this comprehensive video where we explore the significance of these developments.
In the first part of the video, M Ramesh takes a look at carbon credits and carbon markets. Discover how activities that reduce greenhouse gas emissions or remove them entitle individuals or entities to carbon credits, which can be traded in a market-like fashion. Here are the distinctions between the voluntary market, where environmentally conscious companies participate voluntarily, and the compliance market, where obligated entities adhere to emission reduction laws.
Moving on to the second part, the focus is on the Ministry of Power’s notification introducing the Carbon Credit Trading Scheme, 2023. With the aim of establishing an Indian carbon market, this scheme employs a cap-and-trade mechanism. Learn about the crucial features, such as sector and obligated entity identification, emission intensity targets, and the role of the Bureau of Energy Efficiency as the scheme’s administrator. Discover the regulatory aspect managed by the Central Electricity Regulatory Commission (CERC) and the meta register maintained by the Grid Controller of India Ltd.
The Draft Green Credits Programme Implementation Rules, 2023 talks about green credits, Unlike carbon credits, encompass a broader range of activities beyond greenhouse gas emissions reduction or removal. The eight activities outlined in the draft rules include tree plantation, water conservation, sustainable agriculture, waste management, air pollution reduction, mangrove conservation, ecomark labeling, and building sustainable buildings.
While the Carbon Credit Trading Scheme operates under an obligatory framework, the Green Credits Programme is purely voluntary. The Indian Council of Forestry Research and Education acts as the administrator.
With these groundbreaking notifications, India takes a decisive step towards establishing a market mechanism to meet its net-zero commitments. Stay informed about India’s progress in sustainability and its journey towards a greener future.
Chapters
00:00-01:00 -Introduction.
01:00-05:00-The Two notifications.
05:00-10:00-India's carbon credit market.
10:00-11:25-Conclusion.
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What are Carbon credits: Watch | ua-cam.com/video/ns0b9M6SEbo/v-deo.html
Excellent presentation covering wide topics in 12-15 min capsule. Sincere appreciation Sir . Will be looking forward for many such videos 🙏🏽
Excellent explaining
Very well explained. Your commitment and sustained work during the last 3 decades on carbon credits is well known. Your articles in BL stand testimony. I look forward to your next video.
Well articulated. Easy for a common man to understand. Thanks
Very good session and great explanation
Really helpful and clear explanation
good one
Thank you for sharing the information. I would like to know who can handle and manage the green credits on getting credits from one kind of such activity. Third parties or government or ownership ??
Thank you-appreciate your very clear explanation.
Good news inside the carbon credit market
ver well explained
Very nicely explained
Explained beautifully, simply awesome about the two GOs regarding with Carbon Emission... Kudos Sir.
1. Can you add the links of notification from Ministry of Power, that you mentioned at 6:10
2. Draft green credit implementation program
Dristhi IAS this is the way of teaching.
Good info sir. Your explanation is clear crystal.
Carbon credits and CBDCs will give governments full autonomy our the public’s spending. This is why everyone is being asked to open a bank account right now so that digital currency(programable) can replace cash and thus control every human. How will you protest any policy if you or your family will not be able to buy basic needs???
The elite believe that humans are destructive parasites eating away at their god. They are the knowing superior beings apart from the rest of mankind.
Spot on 🎉
how much money will come if we entered in this market ? i want huge money to develop sustainable Environment and also climate change Initiatives
I think the farmers has to be educated about this because they are the people who can really contribute to carbon reduction and moreover they can earn some extra income
We are doing good - certainly requires more in action - China renewables is 50% of it's energy needs - India is 12%? being a tropical country we can do much much more
Future of India carbon credits ❤
Sir, indeed good video..Thanks for your wfforts making this. But how seriously the government will bring in action. There is nothing happened in REC Market and PAT (Escerts Market) by the time it got in action maket got saturated snd no returns on the investment done by the industiralists. No strict policies to obligated entities. Look at REC market and Escerts market how the market declined....it will repeat same carbon Markets too.. There is no much will happen as obligated entities won't purchase by the time they implement all the Investors will get killed. It's a slow poising to the Investors and business men.
Center have it's own policies state have their own
Is NIC codes for carbon credit trading markets are released?
❤
Explained well. Would like to know more about where carbon credits generated in India be listed on carbon exchanges outside India? can they be bought by companies outside India ?
Thank you Sir for your simple yet effective explanation to understand the two policies with respect to Climate action.
Thank you very much. pl do watch the next video in which I talk about the challenges in rolling out a carbon market
I work at carbon credit from bd
which institutions are empaneled so far .. the cost is prohibitive abroad - regulator - Indian - am told blockchain can fractionalise the 1 ton .. how about the rest - crypto conversion - 27th oct 2023.
There are many criticism by several think tanks, environmental agencies and media regarding the carbon credit/offset system. According to them, carbon offsetting is just a way to endorse polluting entities to release more GHGs without any compliance and just buy carbon offset credits to compensate their carbon emissions. This program is not efficient, and it has not led to any major emission reductions from the atmosphere, all these years. How true is this?
RIP India