The PHD Chamber of Commerce and Industry (PHDCCI), through its Carbon Market Forum and Centre for Sustainability, has released the Carbon Edge Knowledge Series,  presenting a comprehensive assessment of India’s evolving carbon trading and sustainability landscape. The publication brings together insights from industry leaders, policymakers, and environmental experts to outline strategic recommendations for strengthening the efficiency, credibility, and inclusiveness of India’s carbon markets.

The knowledge series underscores the critical role of carbon markets in mobilising climate finance, incentivising emissions reductions, and aligning economic growth with environmental responsibility. It emphasises the need for strong institutional frameworks and coherence between India’s Climate Finance Taxonomy, global carbon market mechanisms, and international standards to ensure transparency, environmental integrity, and investor confidence.

A key focus of the series is on Micro, Small, and Medium Enterprises (MSMEs), highlighting the challenges they face in adopting ESG practices, complying with BRSR requirements, and undertaking carbon accounting. This series recommends simplified methodologies, targeted capacity building, and digital tools to enable MSMEs to participate effectively in sustainability initiatives and carbon markets.

The knowledge series also highlights sector-specific opportunities in agrivoltaics, manufacturing decarbonisation, smart buildings, and blue carbon ecosystems, alongside the importance of water management and restoration in enhancing climate resilience. It further examines global policy developments such as the EU Carbon Border Adjustment Mechanism (CBAM) and their implications for Indian industry.

PHDCCI remains committed to supporting industry and stakeholders in advancing India’s sustainable development and climate objectives.