Indian energy firms to establish a carbon market

13 Oct 2022 CW Team

A market for carbon credits is being created in India by green energy providers like Adani Greens, a subsidiary of billionaire Gautam Adani's Adani Group, and carbon offsetters like EKI Energy Services in order to advance the country's energy transition objectives.

India, one of the biggest emitters of greenhouse gases worldwide, wants to achieve net-zero emissions by 2070.

The importance of a strong carbon trading market is emphasised by Prime Minister Narendra Modi's desire for India to develop into an industrial powerhouse while also reducing emissions by 60 million tonnes annually by 2030.

"A domestic market that is formed in unison and close consultation with relevant industry stakeholders can tremendously accelerate the country's transition to become carbon neutral," Manish Dabkara, president of the newly formed Carbon Market Association of India, said.

EKI Energy Services, which conducts business in carbon offsetting, is owned by Dabkara.

In addition to other companies, the association includes Virescent Infra, a global private equity leader owned by KKR, and Hero Future Energies, Ayana Renewable Power, among others.

According to Dabkara, it aims to serve as a middleman between the government and business to facilitate the trade of carbon credits, which would indicate increased growth that is carbon neutral.

A bill to establish carbon trading, the Energy Conservation (Amendment) Bill 2022, was approved by the lower house of parliament in August.

Government and private organisations can obtain carbon credits under a carbon trading scheme by lowering their greenhouse gas emissions. Markets allow for the purchase and sale of identical credits.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..