EBTI is Bringing ace thought leadership to your decarbonization journey.
SIGNIFICANCE OF CARBON MARKETS
• Carbon markets will open up new avenues for organizations that are engaged in developing, trading and consulting carbon credits, while stunting the growth of fossil-fuel generation capacities.
• Carbon credits will help developing countries like India carry out economic activities, while keeping the country’s carbon goals in perspective.
• In 2021, the global carbon credits market rose by 164 % and is expected to cross USD 100 billion by 2030.
• Carbon credits offer a way to reward the industries and other sectors that have developed practices involving technological innovations to reduce emissions and achieve climate targets.
• Carbon markets will play a key role in the drive towards decarbonization, encouraging the reduction of emissions through various schemes in the short term with an ultimate goal of achieving Net Zero in the long term.
• Carbon markets are one of the most effective drivers of reducing emissions, offering the lowest-cost emission reductions and enabling India to avert a loss of USD 35 trillion.