2 days ago
Energy Management Centre to establish Carbon Credit Facilitation Centre
The Energy Management Centre - Kerala (EMC) has announced plans to establish a Carbon Credit Facilitation Centre. The establishment of the centre is aimed at assisting public and private institutions in the State to secure carbon credits.
The EMC has decided to empanel six consultancy firms specialising in carbon-credit marketing to support the new centre, EMC director R. Harikumar said. The EMC announced its plans for the facilitation centre during a workshop on 'Demystifying Carbon Credit' held as part of the World Environment Day celebrations on June 5.
Mr. Harikumar highlighted the centre's role in supporting carbon neutrality projects. 'At present, government institutions seeking to obtain carbon credits have to individually invite tenders and appoint consultancies. The facilitation centre will help them avoid such hassles. Private institutions also can seek help from it for securing the credits,' Mr. Harikumar said.
The decision to set up the facility also follows the establishment of the National carbon credit and marketing system, enabled by amendments to the Energy Conservation Act at the national level.
In Kerala, the EMC is the nodal agency for energy conservation activities. Electricity Minister K. Krishnankutty inaugurated the workshop. Puneet Kumar, Additional Chief Secretary (Power), emphasised the potential of carbon credit mechanisms in reducing emissions and generating revenue. Kadakampally Surendran, MLA, presided.
