The COP-29 and India's carbon credit mechanism The COP-29 summit in Baku will center on climate finance, with a primary focus on carbon credits and inter-country disputes. In 2023, India revised its Nationally Determined Contributions (NDCs) to incorporate a domestic carbon market, as mandated by the Energy Conservation Act of 2022. India's objective is to harmonize its climate targets with its economic agenda, emphasizing the necessity of a market that upholds credibility, efficiency, and equity. Drawing lessons from global practices is imperative for India's success. The credibility of carbon credits stands as a cornerstone in any market, as a lack of accountability could result in greenwashing. India must conduct meticulous verification of carbon credits, leveraging a national registry and independent third-party validators. Adhering to international best practices is vital for establishing a market of high integrity. India's carbon market must align with global benc
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