Tag: carbon credits

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The Joint Crediting Mechanism (JCM)

Source: PIBSubject: Environment Context: India and Japan jointly launched the Operational Manual for the India–Japan Joint Crediting Mechanism (JCM) in New Delhi, signaling a transition from bilateral institutional design into full project execution. The Joint Crediting Mechanism (JCM) About The Joint Crediting Mechanism (JCM): What it is? A bilateral project-based cooperative mechanism initiated by Japan …

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Biochar

Source: THSubject: Environment Context: Amid a severe agricultural paradox where valuable biomass is burned as open-field crop residue, biochar has emerged as a crucial carbon-negative solution to restore India's depleted soils. Biochar About Biochar: What It Is? Biochar is a highly porous, carbon-rich solid material produced from various biomass sources—including wood chips, crop residues, manure, …

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“The expansion of carbon markets raises complex questions of equity, additionality, and environmental integrity”. Explain how carbon credit mechanisms function. Analyse India’s approach to carbon markets. Also discuss the major design challenges involved.

Topic: Carbon Credit Q5. “The expansion of carbon markets raises complex questions of equity, additionality, and environmental integrity”. Explain how carbon credit mechanisms function. Analyse India’s approach to carbon markets. Also discuss the major design challenges involved. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question Carbon markets have gained renewed relevance with India …

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Carbon Market

Syllabus: Environment Source:  TH  Context: With COP29 approving standards for establishing an international carbon market, countries aim to create a structured mechanism for trading carbon credits and offsets to meet their climate goals effectively. What is a Carbon Market? A carbon market enables the trading of carbon credits, granting the holder the right to emit …

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