“The ICM will enable the creation of a competitive market that can provide incentives to climate actors to adopt low-cost options by attracting technology and finance towards sustainable projects that generate carbon credits. It can be a vehicle for mobilizing a significant portion of investments required by Indian economy to transition toward low-carbon pathways,” said Abhay Bakre, DG, BEE. He further said that this consultation will give specific guidance for developing MRV process (measurement, reporting, verification ) and define eligibility criteria for Accredited Carbon Verifiers (ACVs)
