Indore Declared as the Carbon Credit Capital of India at Green Climate Conclave 2025

In a significant announcement, Indore has been declared the Carbon Credit Capital of India at the 'Green Climate Conclave 2025: Rise of Environmental Commodity Markets in India', held at the Brilliant Convention Centre (BCC), Indore. Organised by TiE Madhya Pradesh, with EKI Energy Services Ltd. as the Platinum Sponsor, the conclave brought together leading voices from government, industry, academia and civil society to spotlight India's growing leadership in environmental commodity markets and sustainable finance. The event was conducted as a carbon-neutral gathering, reflecting the theme in both spirit and practice.

The declaration was made in the presence of several distinguished dignitaries including Shri Kailash Vijayvargiya, Hon'ble Cabinet Minister, Government of Madhya Pradesh, Shri Shankar Lalwani, Member of Parliament, Indore and Dr. Chetan Singh Solanki, the 'Solar Man of India', who addressed the audience virtually. The conclave highlighted the proactive climate policy framework of Madhya Pradesh and the emergence of Indore as a dynamic centre for voluntary carbon markets, underlined by its municipal innovation, vibrant ecosystem of climate enterprises and strong academic backing.

What distinguishes Indore as the Carbon Market Capital of India is its unique and comprehensive contribution to every pillar of the carbon credit value chain. The Indore Municipal Corporation (IMC) stands as a pioneer, being the first Urban Local Body in India to generate and monetize carbon credits from municipal waste management. Under the Indore Smart City initiative, IMC earned ₹9 crore from 70,000 Verified Carbon Standard credits in 2020-21. The city's 600-tonnes per day composting plant alone reduces 1.7 lakh tonnes of CO₂ annually, setting a benchmark in municipal-led climate action that no other Indian city currently matches.

Indore's climate leadership also extends to the global stage. Entities based in the city have collectively registered and traded over 250 million tonnes of carbon credits globally in 2021. This dominance is not coincidental but rooted in the presence of over 20 active organizations including carbon asset developers, verifiers and consultants who together form India's most advanced carbon market ecosystem. These firms work extensively with global registries and standards like VCS and CDM, offering end-to-end solutions for climate projects across the world.

At the centre of this ecosystem is EKI Energy Services Ltd., a global leader in carbon offset solutions headquartered in Indore. EKI, a company which achieved unicorn status in 2022, currently holds 18% of the world's voluntary carbon credit inventory and operates in over 40 countries, making it one of the largest players in the $2 billion voluntary carbon market. EKI's pioneering work in developing sustainable projects, empowering climate communities, and building a robust global trading network has significantly bolstered Indore's international climate influence.

Adding intellectual muscle to Indore's climate ambition are its premier academic institutions. Devi Ahilya Vishwavidyalaya (DAVV) and Prestige Institute of Management and Research have taken early steps to integrate climate literacy and carbon market education into formal curriculums. With specialized programs in sustainability, environmental economics, and carbon finance, these institutions are preparing the next generation of climate professionals and ensuring a steady pipeline of skilled talent to support India's netzero goals.

Speaking at the event, Mr. Manish Dabkara, Chairman & Managing Director of EKI Energy Services Ltd., said, "We are honoured to witness this proud moment as Indore is declared the Carbon Credit Capital of India. This recognition is a testament to our city's visionary governance, entrepreneurial spirit, and its collective resolve to drive meaningful climate action. At EKI, we remain committed to advancing India's leadership in global carbon markets by offering scalable, innovative, and impact-driven solutions for a net-zero future."

The Green Climate Conclave 2025 proved to be a catalytic platform for collaboration, drawing participation from policymakers, industrialists, climate entrepreneurs, academic leaders and youth voices. With keynote addresses from leading industry experts, the conclave not only reinforced Indore's leadership in carbon markets but also underscored the importance of state and national-level cooperation in scaling environmental commodity markets in India.

Indore's journey from a cleanest city to the carbon credit capital is a model for urban climate leadership. It reflects what's possible when local governance, private innovation and public engagement come together with purpose. The declaration made at the conclave is not just a title, it's a responsibility. And Indore is ready to lead.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 129.50 as compared to the previous close of Rs. 132.10. The total number of shares traded during the day was 11744 in over 333 trades.

The stock hit an intraday high of Rs. 129.50 and intraday low of 129.50. The net turnover during the day was Rs. 1520848.00.

Source : Equity Bulls

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