By: Amit kumaR Agarwal
Prakriti 2025 (Promoting Resilience, Awareness, Knowledge, and Resources for Integrating Transformational Initiatives), the international conference on carbon markets, was organised today in New Delhi. The conference aimed to promote resilience, awareness, knowledge, and resources for integrating transformational climate initiatives.
Prakriti 2025 provided a high-level platform for national and international experts, policymakers, industry leaders, researchers, and practitioners to engage in discussions and exchange ideas on the global carbon market’s current trends, challenges, and future directions. By bringing together global leaders and experts, the event advanced discussions on innovative solutions for a sustainable, low-carbon future.
Dhiraj Srivastava, Chief Engineer, Ministry of Power, welcomed the distinguished guests, industry leaders, and global experts, expressing gratitude for their presence. He acknowledged the importance of collaboration in shaping India’s sustainable energy future.
Union Minister for Power and Housing & Urban Affairs, Manohar Lal, inaugurated the event and shared the Indian Government’s vision on the critical role of carbon markets in tackling climate change. He emphasized the importance of transitioning to renewable energy (RE) to reduce dependence on fossil fuels and achieve emissions targets.
Lal also highlighted India’s rich cultural heritage and traditional practices, such as Ganga Deep Puja and Govardhan Puja, which reflect the nation's deep-rooted ecological consciousness and can complement modern sustainability efforts. Additionally, he underscored the need for climate policies that ensure real, verifiable, and fraud-proof carbon reductions, making India’s sustainability transition both ambitious and achievable.
Additional Secretary, Ministry of Power, Akash Tripathi, stated that the Indian Carbon Market ensures that the target notification aligns with buyer and seller needs in the carbon market. The focus is to implement a strategy to minimize emissions through cost-effective measures. He said that as part of the compliance mechanism, there will be a gradual implementation of carbon reduction targets, with a 40% reduction by 2027 and the remaining by 2030.