Description
Objectives:
To explore the health consequences of carbon emissions on climate , public health and finances.
To accelerate clean development mechanisms which enable GHG reduction globally, to save our planet from climate change related risks and trillions of dollars of losses in economic potential over the next decades due to unmitigated climate change.
Explain the Carbon market framework and risk management to support activities reducing greenhouse gas (GHG) emissions, as well those increasing removals of carbon dioxide through a digital (voluntary) carbon marketplace for India which connects the ecosystem to streamline GHG market value chain and creating verifiable climate impact.
Carbon credits are traded in carbon markets. They represent a verifiable quantity of climate mitigation for which the buyer can claim an offset because of financing either: Reduction or avoidance of carbon emissions OR Removal or sequestration (storage)
Methodology:
The digital carbon market mechanism for trading of carbon offset credits which have been generated by deploying NETs (negative emission technologies) and bought by Buyers (industries who would want to offset their emissions) . The market will mobilise green finance towards suppliers by allowing buyers to offset their GHG emissions through verified, high quality and trusted credits.
Cover the following:
- Mechanisms to create demand for credits.
- Supplier and Buyer onboarding
- Carbon accounting to measure emissions for offsetting
- Verification to ensure carbon reductions are credible and follow core carbon principles like additionality.
- Carbon Exchange and trading infrastructure
- Globally accessible registry
- Regulatory compliance and reporting
- Co-benefits including SDG compliance for positive impact.
Incorporate case studies of carbon reduction initiatives and their impacts on both public health and the environment.
Results and Discussion:
As understanding of the risks and damages of climate change has improved, almost all nations have committed to limit total global warming to less than 2°C from pre-industrial levels, with an aspirational target of 1.5°C. Meeting a 2°C target is becoming exceedingly challenging. Most climate and integrated assessment models project that the concentration of atmospheric carbon dioxide (CO2) would have to stop increasing (and start decreasing) by the second half of the century for there to be a reasonable chance of limiting warming and the associated dangerous climate impacts.
Conclusions:
Fossil fuel consumption, agriculture, land-use change, and cement production are the dominant anthropogenic sources of CO2 to the atmosphere. The focus of climate mitigation is to reduce energy sector emissions by 80-100 percent, requiring massive deployment of low-carbon technologies between now and 2050. Progress toward these targets could be made by deploying negative emissions technologies (NETs), which sequester carbon from the atmosphere. Carbon markets are one of the most effective mechanism to rapidly accelerate finance and foster innovation in green technologies.
The study's breadth and depth would be increased by collaboration with experts in public health, economics, environmental science, and policy analysis.
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