India presented its draft Market Readiness Proposal to Wold Bank initiative which supports countries to prepare and implement climate change mitigation policies, including carbon pricing instruments in order to scale-up GHG mitigation.
Manish Dabkara, CEO – EnKing International concluded that the draft mainly focuses on –
i) the creation of an integrated data management and registry system to support existing and potential new market-based and carbon pricing instruments;
ii) the enhancement of existing market-based and carbon pricing instruments, piloting of a new instruments that can be linked using a co-benefits approach, and catering to multiple domestic demands
