NCCF is developing a Voluntary Carbon Registry in India to provide a listing, trading and tracking platform for relevant stakeholders in India.Need for a Carbon Registry in India:
- Database creation of the country’s quantified greenhouse gas emission reduction and removal enhancement
- Creating a market based on supply and demand of carbon credits, and facilitating carbon to be traded as a commodity
- Follow up with India’s NDC targets under 2015 Paris Agreement of UNFCCC
Benefits of Registry:
- Promotes emission reduction and removal enhancements to contribute to global efforts of overall climate change mitigation
- Allows projects, processes and methodologies relevant to emission reduction or removal to be listed, traded and monitored
- Reduces cost of emission abatement by allowing and encouraging competitive trading of carbon credits amongst the industries
- Other co-benefits of a Carbon Registry can broadly be categorized as under:
- Environmental benefits: reduced pollution, cleaner air, improved water table, noise reduction and conservation of biodiversity including wildlife
- Social benefits: improved health, poverty alleviation, social welfare, increased skill development and employment opportunities
- Economic benefits: sustainable economic growth
contact: carbon.registry@nccf.in