Dr Mathur calls on developed countries to create global guarantee fund
Indian is carefully developing a robust and transparent frame work for carbon market, Abhay Bakre, Director General, Bureau of Energy Efficiency, has informed the Carbon Policy Development 2024 conference https://cma-india.in/ .
“We have to be very careful with it. We want to keep it simple yet progressive,” he said at a conference organized by Carbon Markets Association of India (CMAI) on 16 May in New Delhi.
He also appreciated CMAI’s efforts and the major role of CMAI as an industry body that a hosted day-long conference on converging green solutions with carbon markets to achieve India’s net-zero targets.
“I argue that it should be good if the carbon credits that we create domestically or globally are tooled to ask the developed countries that they should create a global guarantee fund,” Dr Ajay Mathur, Director General, International Solar Alliance, made the call at the conclave.
“It’s evident that India is taking significant strides in shaping its compliance and offset carbon market – a critical move towards a sustainable future,” elaborated Manish Dabkara, President, CMAI.
“It is a very good time when the Government has announced offset mechanism which encourages industries in India to take voluntary action to mitigate residual emissions,” CMAI Secretary General Rohit Kumar said. “This will support the green growth of India and its economy.”
CMAI is a strategic alliance of industry experts who are passionate about climate and offset solutions and in line with this, have joined hands to enable the development of a robust carbon credit market in India and accelerate the country’s journey to achieve its commitment of achieving net-zero by 2070. Fiinews.com
