New Launch4 Apr 2025, 05:53 pm
Government of India Approves Offset Mechanism for Carbon Credit Trading Scheme, 2024: EKI Energy Services Ltd.
AI Summary
EKI Energy Services Limited has welcomed the Government of India’s approval of the Detailed Procedure for the Offset Mechanism and eight distinct methodologies under the Carbon Credit Trading Scheme, 2024. This milestone enables businesses, industries, and organizations, including those outside the compliance framework, to participate in emission reduction projects, offering carbon credits for verified greenhouse gas (GHG) reductions. The approved methodologies span critical areas such as renewable energy, green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation & reforestation.
Key Highlights
- The Offset Mechanism allows non-obligated entities to participate in carbon reduction projects and earn carbon credits.
- Eight methodologies have been introduced, covering renewable energy, green hydrogen, industrial efficiency, landfill methane recovery, and mangrove afforestation.
- The framework incentivizes businesses and organizations outside compliance obligations to contribute to emission reductions.
- EKI Energy Services, as a leading carbon market developer, will facilitate project development under the approved methodologies.
- India is set to strengthen its position in global carbon markets while fostering sustainable development.