IICA and CMAI Sign MoU to Enhance Capacity for Decarbonisation

Current Context: The Indian Institute of Corporate Affairs (IICA) and the Carbon Market Association of India (CMAI) signed a Memorandum of Understanding (MoU) on February 4, 2025, in New Delhi.

• The aim of the MoU is to strengthen India's carbon markets and advance decarbonisation efforts.
• Important Highlights:
• Training Programs: Developing and delivering courses on carbon markets, low-carbon industrial solutions, and sustainable finance.
• Joint Research: Collaborating on research to study decarbonisation strategies and carbon trading mechanisms.
• Conferences and Policy Advocacy: Organizing events to promote dialogue among industry stakeholders, policymakers, and academics.
• Focus on Biofuels and Green Hydrogen: Emphasizing the role of biofuels and green hydrogen in shaping India's economic and environmental future.

Question:

1. What is the primary aim of the MoU signed between Indian Institute of Corporate Affairs (IICA) and the Carbon Market Association of India (CMAI)?

• A) Promote international trade
• B) Strengthen India's carbon markets and advance decarbonisation efforts
• C) Enhance digital literacy
• D) Develop new agricultural techniques

Answer: B) The aim of the MoU is to strengthen India's carbon markets and advance decarbonisation efforts.