India profits from trading carbon credits

At the CoP26 summit in Glasgow, Prime Minister Narendra Modi emphasized the need for collective action and cooperation to combat climate change. Article 6 of the Paris Agreement, while reflecting this spirit, allows countries to work together to achieve the emission reduction targets set out in their Nationally Determined Contributions (NDCs). Among these provisions, Article 6.4 is similar to the Clean Development Mechanism previously created under the Kyoto Protocol and establishes a mechanism for trading greenhouse gas (GHG) emission reductions between countries under the supervision of the Conference of the Parties. (Fauzia Khan)

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