Prakriti 2025: India's First International Conference on Carbon Markets
| Aspect | Details |
|---|---|
| Event | First International Conference on Carbon Markets, Prakriti 2025 |
| Dates | February 24-25, 2025 |
| Location | New Delhi, India |
| Organizer | Bureau of Energy Efficiency (BEE) under the Ministry of Power |
| Chief Guest | Shri Manohar Lal, Union Minister for Power and Housing & Urban Affairs |
| Delegates | Over 600, including policymakers, industry leaders, researchers, and international experts |
| Key Focus | Structured carbon market for India's low-carbon transition, transparency, and sustainability |
| Indian Carbon Market (ICM) | • Target: 40% emission reduction by 2027, full implementation by 2030 • Mechanism: Trading carbon credits to incentivize emission reductions |
| Global Challenges | EU's Carbon Border Adjustment Mechanism (CBAM) could impact Indian exports, especially in steel and aluminum |
| Governance | Strong Measurement, Reporting, and Verification (MRV) frameworks and international collaboration emphasized |
| Public Engagement | LiFE (Lifestyle for Environment) initiative promoted by UN Goodwill Ambassador Dia Mirza |
| Key Topics Discussed | • Incentivizing renewable energy developers • Role of Article 6 of the Paris Agreement • Enhancing price transparency in global carbon trade • Potential of nature-based solutions for net-zero goals |