Ministry of New and Renewable Energy (MNRE) hosted a national workshop on Carbon Markets – Accelerating green hydrogen and clean energy on 25th July 2024.
Hon’ble Minister Shri Prahlad Joshi ji, Secy MNRE, Shri BS Bhalla ji, JS, MNRE Shri Ajay Yadav ji and JS MEA (NEST) Shri Mahavir Singhvi ji addressed the inaugural session.
The inaugural session was attended by international dignitaries, carbon market experts, industrialists, academia etc.
- JS MNRE Mr. Ajay Yadav laid stress that India despite having one of the lowest per capita emissions is resolved to decarbonise its industries, households, transportation etc.He said India is currently under negotiations with around a dozen countries in different regions for bilateral agreements under Article 6.2 and close to finalisation with some of these countries.
- JS MEA (NEST) Mr. Mahavir Singhvi said that we are one of the few countries who are on the track to meet the emission reduction targets. International cooperation is vital and in this context MEA is working with MNRE in forging relations with countries having massive targets of importing green hydrogen. He added India is adopting a holistic approach that ensures transparency and integrity to our carbon market initiatives.
- Secretary MNRE in his address laid thrust on strategic priorities of MNRE over the coming years. India’s transition is complex. We need to balance economic growth with low emission technology investments. Therefore, supporting carbon markets is very crucial for supporting the mitigation efforts. He said the ministry is looking to integrate carbon markets in all the renewable energy focused schemes to improve viability.
- Hon’ble minister in his special address shared the Indian philosophy of ‘Vasudhaiva Kutumbakam’ (The world is one family) and emphasized its relevance as the world comes together to fight the climate change. It is on this belief system that India feels it can play a significant role in solving the climate problem for the world. He hailed Hon’ble PM and Hon’ble FM’s decision to almost double budgetary outlay for renewable energy over the previous year citing of the urgency on climate and renewable sector. He laid thrust on collaboration and innovation towards a cleaner and greener tomorrow.
International Climate Policy Advisor @ IETA | Carbon Markets | Sustainable Development
4 个月Thanks for the invitation and an excellent event!
Member, CIGRE India, BIS WS ETD01 & ETD20, SMIEEE-PES, IAS, PELS, DIS, WIE, GREEN ICT
4 个月I skipped this event as not planned travel early to arrive on Thursday
Technical Sales @ Midea group|| Ex-A O Smith||Ex- Trane||Ex-Bluestar||Driving sales Business development, HVAC & R Equipment, Industrial Automation, Air-conditioning Business
4 个月Exciting!
Views are personal
4 个月There is still opportunity of fungibility among REC Certificate,? Ecerts and Carbon Market. If Government will include it there is ample opportunity in Power sector.? If Government moves in this directions following things will be benefitted.? 1. Power sector utility across India will complete their RPO. 2. Economic surplus Market for above Certificate will be developed much faster. 3. Steel? sector or any heavy industries especially having furnaces will also benefitted due to trading of Ecerts and Carbon Credits. 4. Reduction of monopoly markets in power Market.