India plans to sell green hydrogen through bilateral deals with other countries at the G20 ministerial meeting in Goa. By incorporating carbon credits into these deals, India aims to incentivize buyers to invest in green hydrogen, which can help reduce carbon emissions. Carbon credits allow buyers to offset their carbon emissions by investing in projects that reduce greenhouse gas emissions. By offering carbon credits along with green hydrogen, India hopes to make the product more attractive to potential buyers and address the affordability factor. India also plans to sign Memorandums of Understanding (MoUs) during the meeting, establishing frameworks for future collaboration in the green hydrogen sector. This will further promote the development and adoption of sustainable energy solutions. The G20 energy transition meeting in Goa will provide a platform for bilateral meetings with eight countries including Japan, South Korea, and the USA. These meetings will focus on discussions and collaborations on energy transition and sustainable development. Through these engagements, India aims to strengthen international cooperation on energy transition initiatives and accelerate the global shift towards cleaner and more sustainable energy systems. In addition to the G20 energy transition meeting, the G20 Energy Ministerial meeting will take place, providing a platform for discussions among energy ministers from G20 member countries. Parallel events, such as the Clean Energy Ministerial and Mission Innovation meetings, will also take place, gathering officials from various countries to discuss clean energy technologies and collaboration. Power Minister RK Singh will hold bilateral meetings with counterparts from eight countries to promote the export of green hydrogen from India. The discussions will focus on establishing common standards, regulations, certifications, and the sharing of carbon credits to facilitate business-to-business interactions and promote cooperation in energy transitions. India has also identified six priority areas for the energy transitions working group, including addressing technology gaps and ensuring universal access to clean energy. Following the G20 ministerial meeting, India plans to launch the Green Hydrogen Innovation Centre and the Global Biofuel Alliance, highlighting its commitment to innovation and collaboration in these fields. Overall, the G20 events in Goa provide an opportunity for discussions, knowledge-sharing, and partnerships to drive global energy transitions and address key challenges in the energy sector.
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ICE is preparing to introduce a futures market for carbon credits under CORSIA, which will focus on reducing airline emissions.
Intercontinental Exchange (ICE) announced plans to launch a physically delivered futures contract for carbon credits eligible for use by the...
