Abstract:

The publication reflects the recommendations shared by stakeholders during INSIGHT 2022 – a two-day international conference organized by Convergence Energy Service Limited (CESL) and WRI India on September 15–16, 2022. It also highlights the views of experts from a workshop on carbon markets held on September 14, 2022. The workshop was organized in collaboration with the World Bank under the Forum for Decarbonizing Transport under the NDC Transport Initiative for Asia (NDC-TIA). Some of the key highlights and takeaways of the conference and workshop includes: Carbon markets are an effective driver for reducing emissions, offering the lowest-cost emission reductions. Building international commitment on emissions reduction, adoption of climate targets by corporates, and monitoring and reporting mandates on climate disclosures are the key enablers of the carbon market in India.