Clarification on Legislative Developments concerning Govt's stake in IDBI (See 'Corp Brief') SEBI - The fact that criminal proceedings were subsequently initiated against appellants does not confer sanction under Section 15T of the SEBI Act to reopen a penalty order which attained finality: SAT (See 'Legal Desk') Efforts underway to develop one lakh young leaders: Mandaviya (See 'Corp Brief') IITM hosts consultation on Climate Science into Services for India Forum (See 'Corp Brief') IPR - Continued use of mark after express acknowledgment of proprietor's rights and undertaking to cease such use is strong indicator of dishonest intention and constitutes infringement: HC (See 'Legal Desk') NHAI successfully defends Arbitration Case in Chittorgarh–Udaipur NH Project (See 'Corp Brief') DFS organises workshop on Reservation Policy for PSBs & Public Sector Insurance Companies (See 'Corp Brief') IBC - Successful Resolution Applicant is entitled to pursue dues of Corporate Debtor against its debtors in arbitration even after conclusion of CIRP: SC (See 'Legal Desk') Ministry of Textiles organizes Workshops on Cyber Security & E-Waste Management Awareness (See 'Corp Brief') 'Khadi Mahotsav-2026' inaugurated in Mumbai (See 'Corp Brief') BHASHINI and IISc Bangaluru: Text-to-Speech Model for Sourashtra Language (See 'Corp Brief') IBC - Express forfeiture clause in e-auction notice binds bidder despite absence of express forfeiture stipulation in Schedule I of Liquidation Process Regulations, 2016: SC (See 'Legal Desk') Govt releases FAQs on strategic restructuring of IDBI Bank Ltd (See 'Corp Brief') CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri by GRT Jewellers (See 'Corp Brief') CCI okays acquisition of equity in Kids Clinic India by NuageLux BidCo S.à r.l (See 'Corp Brief') A&C - Licence Agreement governing patent licences, JVA creating Indian joint venture, and MoU governing liaison services, operate in distinct fields and are not subservient to Licence Agreement: SC LB (See 'Legal Desk') CCI approves acquisition of shares in FarMart Service by Impact Fund Denmark (See 'Corp Brief') Govt approves Strategic Restructuring of IDBI Bank (See 'Corp Brief') Joshi highlights Role of Standards in India's Clean Energy Transition (See 'Corp Brief') IBC - Moratorium u/s 14 of the IBC does not apply to a surety in a contract of guarantee to the Corporate Debtor: NCLT (See 'Legal Desk') NSDF, SAI join hands with Indian Oil to bolster Boxing ecosystem in India (See 'Corp Brief') Centre unveils measures giving filip to shipbuilding industry (See 'Corp Brief') NIFTEM-K Hosts India-Canada Roundtable on Pulse Protein Innovation, Value Addition and Strategic Partnerships (See 'Corp Brief') FEMA - Expression 'in charge' contemplates control over day to day business of company & liability cannot be imposed merely on basis of designation in absence of material establishing such responsibility: SAFEMA Tribunal (See 'Legal Desk') HM hosts first meeting of BIMSTEC Home Ministers in New Delhi (See 'Corp Brief') Taking Voice-First Multilingual AI Beyond Borders: BHASHINI at NCGG Mussoorie (See 'Corp Brief') From Farms to Borders: NH-22 Four-Laning Project to boost eonnectivity in Bihar (See 'Corp Brief') Prevention of Corruption Act - Where a company is not an accused, authority cannot attach properties of a person on grounds that said person managed affairs of said company, without showing that proceeds of crime reached said company & were used for acquiring the attached property: SAFEMA Tribunal (See 'Legal Desk') India-UK partnership focuses on industry-led research (See 'Corp Brief') Centre urges States to ensure Display of Healthcare Service Rates at Clinical Establishments (See 'Corp Brief') Chouhan calls for Coordinated Action to boost Farm Incomes (See 'Corp Brief') Companies Act - Subsisting judgment of a Court is required to be complied with by concerned Ministry/authorities & intention to file review petition per se does not constitute grounds for withholding compliance with existing judgment: HC (See 'Legal Desk') Union Minister calls for outcome-oriented implementation of PMDDKY (See 'Corp Brief') BRICS Theatre Festival 2026 commences at National School of Drama (See 'Corp Brief') Reddy launches commercialisation catalogue of technologies (See 'Corp Brief') PMLA - Allegations of contravention of the UAPA, by itself, cannot justify indefinite pre-trial detention in separate PMLA proceedings carrying maximum sentence of seven years: HC (See 'Legal Desk') MeitY Pavilion showcases India's digital innovation at India Mobile Congress 2026 (See 'Corp Brief') DRI seizes around 5.8 kg foreign-origin gold worth Rs. 9 crores (See 'Corp Brief') Keylong to house ICMR's first dedicated centre for high-altitude medicine (See 'Corp Brief') SARFAESI - Demand notice issued under Rule 7(1) of IBC Rules, 2019 does not, per se, commence insolvency proceedings against personal guarantors or trigger interim moratorium per Section 96 of IBC 2016: HC (See 'Legal Desk') Digital Health Resources crucial to Building India's Research Mindset: Health Secy (See 'Corp Brief') 53 Tele-MANAS Cells operational across all 36 States (See 'Corp Brief') CSR is not merely a statutory obligation but as strategic instrument for India's growth: Former Cab Secry (See 'Corp Brief') FEMA - Intimation to Customs does not, by itself, constitute proof of import of software, particularly where the software was claimed to have been received through a data communication channel: Tribunal (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

Print

IICA, CMAI sign MoU to enhance capacity for decarbonisation

Published: Feb 06, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 06, 2025: IN a significant step towards strengthening India's carbon markets and advancing decarbonisation efforts, the Indian Institute of Corporate Affairs (IICA) and Carbon Market Association of India (CMAI) have signed a Memorandum of Understanding (MoU) in New Delhi. The landmark agreement was announced on the inaugural day of the IICA-CMAI Masterclass on Global & Indian Carbon Markets on 4th February, graced by Nitin Gadkari, Minister for Road, Transport & Highways, Government of India, who emphasized the pivotal role of biofuels and green hydrogen in shaping India's economic and environmental future.

He shared pilot projects related to Bio Bitumin, Bio Aviation-fuel, Bio CNG and highlighted that "Conversion of Knowledge into wealth is the future and No Material is waste". While emphasizing the importance of PPP, he shared that "Hydrogen is fuel for the future". The Minister also shared his vision for the cost of hydrogen to be 1 dollar per kg, which he is confident India will be the pioneering nation to achieve due to its state-of-the-art research and development initiatives in this field. While citing landmark initiatives being undertaken related to the biofuels and alternative fuels, he  also mentioned that though the initial cost of capital and technology seems high but significant research is currently underway which will eventually unleash as well as lead to the realisation of its true potential. He further highlighted the government's commitment to developing a diversified biofuels sector, acknowledging the vast potential of various fuels to create a cleaner, more sustainable energy landscape and soon India will become a Green Hydrogen exporting country. At the end, he congratulated the organisation for launching the Sustainable Aviation Fuel (SAF) Alliance and the capacity building initiatives in this domain.

Dr. Garima Dadhich, Head, School of Business Environment, IICA, stated that the IICA Certificate Programme in Decarbonisation will be focused on creating a pool of corporates with advanced expertise to develop carbon offset mechanisms for climate mitigation, as well as integrate long-term strategy to decarbonise their operations.

Mr Manish Dabkara, President, CMAI remarked that the MoU with IICA marks a significant step towards building a robust ecosystem for carbon markets in India. Training programs, research opportunities, workshops, and conferences are a huge part of accelerating sustainable business initiatives. CMAI is looking forward to a successful partnership in this area. Mr. Rohit Kumar, Secretary General, CMAI remarked that awareness has been a major challenge in this area. By combining CMAI's industry expertise with IICA's institutional strength, the collaboration will aim to create impactful learning opportunities that will help accelerate India's transition to a low-carbon economy.

This strategic partnership aims to equip industry professionals, policymakers and academicians with the necessary knowledge and expertise to navigate India's evolving carbon markets.  CMAI, a leading industry association focused on accelerating sustainable business initiatives, will serve as the knowledge partner to IICA, a think tank under the Ministry of Corporate Affairs, to support the growth and development of the corporate sector in India.

Under the agreement, CMAI and IICA will collaborate on:

- Training Programmes: Developing and delivering courses on carbon markets, low-carbon industrial solutions, and sustainable finance.

- Joint Research: Conducting studies and publishing insights on decarbonisation strategies and carbon trading mechanisms.

- Workshops and Conferences: Organising events to facilitate dialogue among industry stakeholders, policymakers, and academics.

- Policy Advocacy: Supporting regulatory and policy frameworks that drive India's net zero ambitions.

The Day 1 of the Masterclass witnessed the participation of more than 70 professionals from leading corporates, PSUs as well as delegations from governmental bodies, embassies and international organisations. The Masterclass on Global and Indian Carbon Markets is being organised by IICA as part of the India Climate Week. Shivangi Vashishta, Senior Research Associate, School of Business Environment, IICA, led a case-study based discussion which led to enhanced delegate engagement. The Day 1 of the Masterclass concluded with an insightful session from Managing Partner, ERM India. The Day 2 of the Masterclass will witness a series of sessions on International Carbon Markets.

About Indian Institute of Corporate Affairs (IICA):

The Indian Institute of Corporate Affairs (IICA), is an autonomous institution under the aegis of the Ministry of Corporate Affairs. School of Business Environment (SBE) is a specialised vertical within IICA promoting the responsible business conduct focusing on the forward-looking areas of Environmental-Social-Governance (ESG), Corporate Social Responsibility (CSR), Sustainable Finance, Business & Biodiversity Conservation, Business and Human Rights, Responsible Trade, ESG Audit & Assurance and other aligned areas.

Contact: https://iica.nic.in/, sobe@iica.in or 0124-2640044

About Carbon Market Association of India (CMAI):

The Carbon Markets Association of India (CMAI) is a leading not-for-profit industry group driving India's transition to a net-zero future by decarbonising hard-to-abate sectors. Collaborating with key ministries like MoEFCC, MoP, MNRE, and NITI Aayog, CMAI provides policy advocacy, capacity building, and knowledge support.

Contact: https://cma-india.in/, secretary@cma-india.in or +91 98117 79580

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.