India is confronting a substantial “funding gap” of over $10 trillion to meet its commitment to achieving net zero emissions by 2070, according to Finance Minister Nirmala Sitharaman. The minister stressed the importance of establishing a carbon credit market at Gujarat’s GIFT City’s International Financial Services Centre (IFSC). The goal is to address the financial challenges associated...Read More

Observers predicted that 2023 would be a “make-or-break” year for voluntary carbon markets and “an inflection point” for their role in addressing climate change and global deforestation. Amid criticisms around carbon accounting, carbon neutrality claims, and issues with forest communities, governance bodies say they’ve worked to increase consistency and “integrity” for the voluntary carbon market...Read More