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IICA and CMAI Ink MoU to Strengthen India's Carbon Market.

MOUs and Agreement | Dated: 07 Feb 2025

On February 4, 2025, the Indian Institute of Corporate Affairs (IICA), based in Gurugram, Haryana, signed a Memorandum of Understanding (MoU) with the Carbon Markets Association of India (CMAI), headquartered in New Delhi, during the IICA-CMAI Masterclass on Global & Indian Carbon Markets. This event was part of India Climate Week 2025 (February 3–7, 2025), held in New Delhi.

🎯 Key Highlights:

  • - The MoU aims to enhance India's carbon markets, facilitate decarbonization efforts, and equip industry professionals, policymakers, and academics with essential knowledge to navigate the evolving carbon market landscape in India.
  • - The event was attended by Union Minister Nitin Jairam Gadkari (Minister for Road Transport & Highways), Garima Dadhich (Head of the School of Business Environment at IICA), and Manish Dabkara (President of CMAI).
  • - The Indian Institute of Corporate Affairs (IICA) and the Carbon Markets Association of India (CMAI) will collaborate on various initiatives to advance carbon markets, promote low-carbon industrial solutions, and support sustainable finance. CMAI will act as a knowledge partner to IICA, contributing expertise and insights to these efforts.

💡 Other Important Facts:

  • (i) They will jointly develop training programs focused on carbon markets, low-carbon industrial strategies, and sustainable finance, equipping professionals with essential skills. Additionally, they will conduct joint research and publish findings on decarbonization strategies and carbon trading mechanisms.
  • (ii) The partnership will also involve hosting workshops and conferences to facilitate discussions among industry leaders, policymakers, and academics. These events will provide a platform for knowledge exchange and strategic planning in the field of carbon markets.
  • (iii) Furthermore, both organizations will engage in policy advocacy to support the development of regulatory frameworks that align with India’s net-zero goals. Their efforts aim to shape policies that drive sustainable economic growth while reducing carbon emissions.

📚 Test Your Knowledge:

Which organization recently signed an MoU with CMAI to strengthen India's carbon market?

Correct Answer: IICA

🚀 Quick Recap:

About Indian Institute of Corporate Affairs (IICA)

  • DG & CEO : Ajay Bhushan Prasad Pandey
  • Headquarters : Gurugram