Prakriti 2025
Context
Prakriti 2025, an international conference on carbon markets, was organized by the Bureau of Energy Efficiency (BEE) under the Ministry of Power and the Ministry of Environment, Forest and Climate Change.
- The event brought together policymakers, industry experts, and global stakeholders to discuss India’s carbon market strategies, climate finance, and policy frameworks.
About Prakriti 2025
- Objective: The conference aimed to promote resilience, awareness, and knowledge in developing a structured carbon market in India.
- Participants: National and international experts, government officials, financial institutions, and corporate stakeholders.
- Duration: Two-day event with multiple plenary sessions and thematic discussions.
Key Highlights
1. India’s Carbon Market and Global Integration
- The conference underscored India’s efforts to align its carbon market with global frameworks.
- Mr. Thomas Kerr (World Bank) emphasized the impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on Indian exports, urging domestic industries to adapt.
2. Governance and Transparency in Climate Finance
- Former Finance Secretary Ashok Lavasa stressed the need for strong Monitoring, Reporting, and Verification (MRV) frameworks and equitable benefit distribution.
- He called for India to create policies suited to its unique challenges while engaging in global carbon market collaborations.
3. Private Sector Role in Carbon Markets
- The conference highlighted incentives for renewable energy developers.
- Discussions focused on carbon pricing transparency, clean energy financing, and leveraging climate tech startups.
4. Youth and Public Engagement in Sustainability
- UN Goodwill Ambassador and actor Dia Mirza advocated for behavioral change in environmental conservation.
- She highlighted India’s LiFE (Lifestyle for Environment) initiative, emphasizing individual and collective responsibility in reducing carbon footprints.
5. Strengthening India’s Climate Commitments
- With 80+ experts and 600+ delegates, Prakriti 2025 reinforced India’s commitment to achieving net-zero goals.
- Key ministries, financial bodies, and international NGOs participated in discussions on climate finance, technology deployment, and sustainable business models.
Conclusion
Prakriti 2025 served as a crucial platform for shaping India’s carbon market policies while fostering international collaborations. The event reinforced India’s proactive role in global climate action, signaling a strong commitment to sustainable economic growth and environmental resilience.
