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Carbon Markets Under the Paris Agreement
August 30 , 2025
16 hrs 0 min
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- The Ministry of Environment, Forest and Climate Change has finalised the National Designated Authority (NDA) to implement Article 6 of the Paris Agreement.
- The NDA is a 21-member committee headed by the secretary of the Environment Ministry, as notified on August 22, 2025.
- The Members include officials from the Ministry of External Affairs, Renewable Energy, Steel Ministry, NITI Aayog, and maximum representation is from the Environment Ministry.
- Article 6, passed at COP29 in Baku in 2024, defines the rules for global carbon markets under the Paris Agreement.
- The NDA is responsible for approving emission reduction projects, recommending eligible activities for carbon trading, and authorising the use of emission units towards national climate goals.
- The carbon market mechanism aims to ensure the transparency and credibility of carbon credits generated under United Nations supervision.
- India’s Nationally Determined Contributions (NDC) aim to cut the emission intensity of GDP by 45 percent by 2030 from 2005 levels.
- India also targets 50 percent of power capacity from non-fossil fuels and to create 2.5 to 3 billion tonnes of carbon sink through afforestation by 2030.
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