Rishav Deval, a Senior Research Fellow (SRF) at IEOR attends workshop on "Emission Trading Scheme (ETS) Simulation Workshop" conducted by Council for Energy, Environment and Water (CEEW) in collaboration with Asia Society of Policy Studies (ASPI), Indian Institute of Management Ahmedabad (IIMA) and International Emission Trading Association (IETA) at Ahmedabad University, Ahmedabad on February 21.
The Government of India has recently passed the Energy Conservation (Amendment) Bill, 2022 which lays the foundation for the Indian Carbon Market (ICM). With a GHG emission intensity target for entities in ICM aligned with India's overall targets for net-zero, entities more specifically, industries will choose to abate and/or trade emissions allowances. Workshop provided an excellent hands-on experience to deal with challenges and issues in the upcoming Indian Carbon Market.
Workshop was complemented by presentations on ETS from foremost experts and discussions of key issues related to the ICM were discussed among industry experts. Moreover, the workshop also provided an incredible and unique opportunity for its participants to learn how an ETS works through ETS simulation game "CarbonSim".