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Carbon Market Simulation: Leveraging Markets for Emission Reductions in India

The ongoing Covid-19 pandemic has reinforced that our health, economy, and environment are all connected. As the world emerges into a ‘new normal’, it has become even more critical to cut down emissions. Market-based instruments have an important role in achieving this.

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The rules for international cooperation on carbon markets under the Paris Agreement will be finalized at the 26th Conference of Parties of the UNFCCC (COP26), now planned for 2021. But 39 national and 23 sub-national jurisdictions have already implemented or are planning to implement carbon markets to achieve their emission reduction goals.

To support evidence-based design and implementation of a potential carbon market in India, WRI India is working with Indian businesses to simulate a carbon market. This simulation can help businesses identify cost-effective opportunities for emission reduction. It can also help build capacity on carbon markets in India, especially among the micro, small, and medium enterprises (MSMEs) that are part of the value chains of participating companies.

Join this webinar to:

  • Hear from leading Indian businesses about carbon markets
  • Learn about the potential of a carbon market to facilitate low carbon growth in Indian industry
  • Know more about how our simulation can help design an effective yet business-friendly carbon market in India

You can register for the webinar here.

Panellists

  • Saurabh Kumar, Managing Director, Energy Efficiency Services Limited (EESL)
  • Dr. Saon Ray, Senior Fellow, Indian Council for Research on International Economic Relations (ICRIER)
  • Arvind Bodhankar, Jt. Executive President and Chief Sustainability Officer, Ultratech Cement
  • AG Kshirsagar, Head, Corporate HSE, Thermax Ltd
  • Lingaraj Dinni, Group Manager and Corporate Sustainability Programme Officer, Wipro
  • Megha Nath, Senior Project Associate, Climate Program, WRI, India
  • Ashwini Hingne, Manager, Climate Program, WRI India

For queries, contact Ashwini Hingne (ashwini.hingne@wri.org).

About Carbon Market Simulation in India: This is a part of WRI India’s ongoing efforts to help policymakers and civil society address climate change while ensuring economic prosperity and sustainable development. WRI India is undertaking this carbon market simulation across 30-40 large companies in India. You can read more about it here.

Recap

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