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BMWK
July, 2018 - September, 2022
Pan India
In India, the GCM project promotes carbon markets and carbon pricing to reduce emissions and prepare both public and private sector partners for the new generation of carbon market mechanisms.
India is responsible for around seven per cent of global greenhouse gas emissions, making it the world’s fourth highest contributor. However, the country’s per capita emissions are comparatively low at 1.4 tonnes per year.
India ratified the Paris Agreement and in doing so, set out Nationally Determined Contributions (NDC). Now the country faces the task of increasing its prosperity while at the same time reducing CO2 emissions. Market-based climate protection instruments play an important role here.
In the past, India had positive experiences with global carbon markets under the Kyoto Protocol. The country plays a critical role in international climate policy and the negotiations on Article 6 of the Paris Agreement.
The project provides evidence-based policy advisory through comprehensive, demand-driven, and sector-specific studies and reports. Training courses, expert events, analyses, and technical advisory services help public and private-sector decision-makers to engage in discussions on carbon markets climate finance instruments and under the Paris Agreement regime.
Work is done with major state-owned enterprises as well as small and medium-sized enterprises and start-ups. The project also supports the Indian partner Ministry of Environment, Forest and Climate Change (MoEFCC) and other actors in using existing and new carbon market instrument for India’s NDCs.
Release of the Training Needs Assessment Report for climate action by Indian Public Sector Enterprises with Standing Conference of Public Enterprises (SCOPE) (©GIZIndia/NAME)
Eastern region training workshop for Public Sector Enterprises officials (©GIZIndia/NAME)
Snapshot of the e-learning course on accessing Voluntary Carbon Markets (©GIZIndia/NAME)
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