Indian energy firms join hands to develop a carbon market

India is one of the world's biggest greenhouse gas emitters and it aims to reach net zero emissions by 2070.

Prime Minister Narendra Modi wants India to become an industrial powerhouse while also cutting emissions by 60 million tonnes a year by 2030, highlighting the importance of a robust carbon trading market.

It aims to act as a mediator between government and industry to facilitate trade of carbon credits which would imply increased carbon neutral growth, Dabkara said. The lower house of parliament passed an Energy Conservation Bill 2022 in August that seeks to establish carbon trading. Under a carbon trading scheme, government and private entities can earn carbon credits by reducing their greenhouse gas emissions. The same credits can be bought and sold in markets.

progress future

It is a scam to make billions when carbon emissions reductions will have zero impact on global temperatures in 50-100 years.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gautam Adani was a college dropout. Now he may be too big to fail | CNN BusinessOn a late August evening in New Delhi, journalists' phones started buzzing with messages. Indian billionaire Gautam Adani's conglomerate had just launched a hostile bid to take over an influential broadcaster in the capital. Trying to acquire NDTV as gift to his master snd patron Modi, since its media output is generally balanced and not biased A rarity now amongst Indian media, To turn NDTV into Modi/BJP mouthpiece
Source: cnni - 🏆 326. / 59 Read more »