Global Carbon Markets – India

Objective

  • To leverage the existing and create new carbon market instruments for the implementation of climate protection activities in India

Description

The project provides technical support to the Government of India in designing and promoting carbon-emission reduction schemes. These are to be implemented at the central, state, and the municipal levels. Some of the main activities include, amongst others:

  • Supporting the National CDM Authority (NCDMA) of the Ministry of Environment, Forest and Climate Change (MoEFCC)
  • Supporting the development of carbon market instruments
  • Supporting the public and private stakeholder engagement and capacity development
  • Assisting in knowledge management
  • Encouraging research and analysis in the area of carbon reduction

Field of intervention

  • Climate change mitigation instruments: market mechanisms
  • Mobilising domestic climate finance
  • Access to international climate finance

Targeted beneficiaries

  • Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India
  • Private sector
  • Municipalities
  • NGOs, think tanks

Achievements

  • Establishing the India Climate Responsibility Facility to pool CSR funds into climate change related activities
  • Coordinating the annual India Climate Policy and Business Conclave, with BMUB, GIZ, MoEFCC, World Bank and FICCI
  • Supporting the Indian National Clean Development Mechanism Authority (NCDMA) and the MIS
  • Finalising the first India-specific, VCS approved REDD+ methodology
  • Supported a public sector energy provider in green bonds issuance (incl. COP22 side-event)
  • Developed the ‘Scoping Study on municipal green bonds
  • Drafted a policy brief on ‘Article 6 of the Paris Agreement and its implications for India’ – groundwork for workshop
  • Finalised an ‘Assessment of the greenhouse gas mitigation potential of the nitric acid sector in India’
  • Conducted a workshop on “Market based mechanisms for promoting low carbon growth and environmental sustainability in the state of TN”
  • Presentation on “Accessing finance to address climate change” targeted to Central Public Sector Enterprises
  • Supported the annual report launches of Carbon Disclosure Project (CDP)
COUNTRY

Global Region , India

Contact Person