India has set a big goal to reach net-zero emissions by 2070. This means they want to balance out the amount of greenhouse gases they produce with the amount they remove from the atmosphere. To help achieve this goal, India is thinking about new ways to cut down on carbon emissions. This is important because countries worldwide are working hard to reduce their carbon footprint due to climate change.
One major idea being considered is allowing India to trade carbon credits with other countries. This would involve linking carbon credits with Green Hydrogen. Mr. ES Ranganathan explains that India is a diverse country with a fast-growing economy. As the economy grows, so do carbon emissions, especially from industries and energy production. By trading carbon credits internationally, India can speed up its efforts to reduce emissions. This means they can buy carbon credits from other countries to balance out their own emissions, especially in sectors where it's hard to cut down.
Let's talk a bit about carbon credits. They're like certificates that show you've done something to reduce or remove greenhouse gases from the air. Organizations or countries can buy these credits to offset their own emissions. For example, they might invest in projects like planting trees, using renewable energy, or improving industrial processes. This helps encourage people to find ways to cut down on emissions and be more eco-friendly.
India has already been working towards cleaner energy. They've been boosting their use of renewable energy, making things more energy efficient, and aiming to have more electric vehicles on the roads. These efforts are part of their commitment to fighting climate change and making the planet healthier for everyone.
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