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IICA and CMAI Sign MoU to Enhance Capacity for Decarbonisation

Published on February 05, 2025
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.
IICA and CMAI Sign MoU to Enhance Capacity for Decarbonisation
  • 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
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