India Carbon Group Unveils Article 6 Bazaar

A new marketplace is connecting Indian businesses to international carbon credit trading under Article 6 of the Paris Agreement.

A man taking part in the CMAI webinar from his office in India. AI generated picture.

The Carbon Markets Association of India (CMAI) launched the platform, named the 'Article 6 Carbon Bazaar', to give organisations a central point of access to Article 6 activity.

Article 6 sets out rules allowing countries to cooperate on carbon credit trading across borders, transferring credits to support national environmental targets and channel investment into emission-reduction and removal projects.

CMAI unveiled the bazaar during a webinar on the Joint Crediting Mechanism (JCM), a bilateral agreement between India and Japan for carbon credit cooperation.

The platform brings together Indian project developers, private and public buyers, investors, technology providers, carbon market service providers, and climate financiers. Services on offer include buyer-seller matchmaking, project preparation, investment support, monitoring, reporting and verification (MRV), and carbon credit transfer.

The bazaar also helps prepare projects for government authorisation, aggregates small and medium-sized enterprise (SME) projects into larger ones, and trains Indian industry on Article 6 development. CMAI said the platform will support participants through transaction processes and ongoing MRV requirements.

The bazaar is set to support JCM-related activity between India and Japan, alongside broader Article 6 cooperation between India and other countries.