Year: 2023

India’s Green Credit Program: Draft Rules Unveiled to Incentivize Carbon Reduction Initiatives

India’s Green Credit Program: Draft Rules Unveiled to Incentivize Carbon Reduction Initiatives

In a significant move towards combating climate change and promoting sustainable practices, the government of India has released a draft notification outlining a market-based mechanism for encouraging climate-friendly behavior and incentivizing green credits. The proposed initiative aims to drive voluntary action and enable individuals, businesses, and organizations to actively contribute to environmental conservation efforts. The […]

India Finalizes Activities for Carbon Credit Trading Under Article 6.2 Mechanism

India Finalizes Activities for Carbon Credit Trading Under Article 6.2 Mechanism

India has recently announced the activities that will be eligible for trading carbon credits under the Article 6.2 mechanism. The mechanism aims to transfer emerging technologies and mobilize international finance in the country. The National Designated Authority for the Implementation of the Paris Agreement (NDAIAPA) has been notified and authorized to make decisions on the […]