CMAI & VCMI Partner for Carbon Credit Trading
Jan 06, 2024 19:27
CMAI and VCMI partner to promote high-integrity voluntary carbon markets in India, aiding stakeholders in carbon credit trading and project registration.
New Delhi, Jan 6 (PTI) The Carbon Markets Association of India (CMAI) has partnered with global body Voluntary Carbon Market Integrity Initiative (VCMI) to help stakeholders in carbon credit trading.
The agreement with London-headquartered VCMI aims to guide industry players from the registration process for projects involved in the generation of carbon credits, monitoring of projects to trading of the carbon credits generated in a transparent manner, CMAI said in a statement.
The partnership will seek to promote an enabling environment for high-integrity voluntary carbon market (VCMs) that attract private investment aligned with national and sub-national climate and socioeconomic policy priorities, the statement said.
As part of the agreement, CMAI and VCMI will facilitate the stakeholders in scaling up carbon finance activities across priority sectors in India.
VCMI is an international non-profit organization which works to enable high-integrity voluntary carbon markets (VCMs). The organization is aligned with the goals of the Paris Agreement.
CMAI is a strategic alliance of industry experts who work towards carbon offset solutions. It offers services like policy research and advocacy, innovative interventions, capacity building, community initiatives, partnerships among others.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
IMF Team Reviews Sri Lanka's Economic Reform...
The IMF team has arrived in Sri Lanka to conduct the third review of the USD 3 billion...
Sitharaman Responds to Middle Class Tax Relief...
Finance Minister Nirmala Sitharaman responds to an X user seeking tax relief for the...
India's Free Trade Talks Continue: UK, EU...
India's free trade agreements, including those with the UK and EU, are progressing as...
DLF's K P Singh: How GE Came to India
Discover how DLF's K P Singh facilitated General Electric's entry into India,...
Prestige Estates to Launch Rs 52,000 Cr Housing...
Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by...
ACME Sun Power Secures Rs 3,753 Cr Loan for...
ACME Sun Power secures a Rs 3,753 crore term loan from REC Ltd. for the development of...
Fine Acers Targets Rs 5,000 Crore AUM by 2026-27
Fine Acers, a luxury resort investment firm, aims to reach Rs 5,000 crore in assets...
Sirius India Airlines Plans USD 100 Million...
Sirius India Airlines aims to raise USD 100 million for fleet and services expansion,...
Reliance Group Sets Up Center for 2030 Growth...
Anil Ambani's Reliance Group launches the Reliance Group Corporate Centre (RGCC) to...
WEF Davos 2025: Collaboration for Intelligent...
Over 100 Indian business and government leaders will join the World Economic Forum's...
Read More »