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The Lok Sabha has passed the Energy Conservation (Amendment) Bill, 2022, last month (August 2022), clearing the way for establishing carbon credit markets.  According to the government, in addition to helping India achieve its climate goals, the Bill ensures that about 50 percent of installed electric power capacity is generated from non-fossil sources by reducing the emissions intensity of GDP (that is, the volume of emissi..

Carbon markets are mechanisms for trading where carbon credits are purchased and sold. A single tradable carbon credit is equivalent to one metric ton of carbon dioxide or an equal quantity of another greenhouse gas that has been reduced, removed, or prevented. Let's delve into the components of a carbon market. ..

A total of 64 companies based in India are currently formulating strategies to achieve net-zero emission status. These enterprises have committed to supporting the government's endeavors for climate conservation. Among them are prominent names such as Wipro, HDFC Bank, Mahindra & Mahindra, and several other recognizable brands. Together with the Confederation of Indian Industry (CII), a number of Indian businesses have es..

By committing an economy to a 1 billion tonne reduction in predicted carbon emissions by 2030, India's net zero objective for 2070 demonstrates the intention to undertake decarbonization. The collaborative efforts of states, industries, and corporations across sectors will play a crucial role in attaining this objective, despite the fact that it presents a well-defined trajectory for India to pursue. In India, the transportation sector is one..

Internationally, the concept of achieving net-zero emissions is gaining prominence as a key priority. Numerous countries are initiating initiatives and campaigns to encourage the embrace of environmentally conscious lifestyles, fostering a shift in behavior. India, the world's fourth-largest carbon dioxide emitter, is thankfully prepared to address this problem by putting out numerous projects. Across the nation, there is a n..