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The Evolution of Emissions Trading Schemes: A Game-Changer for India’s Air Quality

In recent years, the conversation around emissions trading schemes (ETS) has gained substantial momentum, and for good reason. These systems have the potential to revolutionize the way we tackle air pollution and environmental degradation. One remarkable success story in this regard is the Surat Emissions Trading Scheme, which has not only set a new standard […]

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Understanding Economic and Non-Economic Loss and Damage from Climate Events

Introduction to Climate Change and Its Multifaceted Impacts Climate change presents a complex and multifaceted challenge, manifesting in both extreme and slow onset events. The United Nations Framework Convention on Climate Change (UNFCCC) in 2019 shed light on the diverse nature of these impacts, emphasizing the need for a comprehensive understanding of both economic and […]

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The Emergence of the Indian Carbon Market

Introduction India is embarking on a transformative journey to combat climate change through the establishment of the Indian Carbon Market (ICM). This initiative is a strategic response to the urgent need for decarbonization and aligns with global efforts to price and trade carbon emissions. The ICM draws inspiration from established carbon markets, such as those […]

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A Critical Examination of India’s New Renewable Purchase Obligations

India’s Ministry of Power has recently unveiled its revised Renewable Purchase Obligation (RPO) guidelines, a pivotal move aimed at bolstering the country’s transition towards sustainable energy. However, a critical examination of these guidelines reveals a blend of ambition and adaptability, coupled with a few areas that might require further clarity and refinement. Summary Table of […]

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