The Bureau of Energy Efficiency (BEE) has appealed toAndhra Pradeshenergy department to actively participate and provide support for the recently introduced trading scheme.
Established under the Energy Conservation Act, 2001, this scheme will facilitate the trading of carbon credits. It will incentivise and reward the entities that reduce, remove, or avoid greenhouse gas emissions. Its implementation, which came into force on June 28, upon publication in the official gazette, underscores the urgent need to combat Climate-change”>Climate Change. This recognises the pivotal role of market-based mechanisms in achieving emission reduction targets.
The carbon credit trading scheme assigns a value, known as a carbon credit, to each ton of carbon dioxide equivalent (tCO2e) reduced or avoided. These credits can be bought, sold, and traded within the Indian carbon market framework.
The BEE DG has appealed to proactive states like Andhra Pradesh, Telangana, Karnataka, Kerala, Rajasthan, Gujarat, Assam, Chandigarh, Haryana, Maharashtra,Punjabetc. to play a pivotal role in ensuring the success of the scheme. Recognising such active participation would foster industrialisation, create EMPLOYMENT opportunities, and accelerate Subscribe on YouTube