EKI Energy Services Ltd welcomes India-Japan Memorandum of Cooperation on Joint Crediting Mechanism under Article 6.2 of the Paris Agreement

EKI Energy Services Ltd., a leading developer and supplier of carbon credits across the globe, welcomes the signing of the Memorandum of Cooperation (MoC) between the Government of India and the Government of Japan on the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement on Climate Change.

The agreement marks a historic step forward in international climate collaboration, enabling bilateral cooperation between India and Japan to facilitate the implementation of advanced lowcarbon technologies and promote the exchange of carbon credits. The MoC provides a framework for developing projects that contribute to emission reductions, capacity building, and sustainable development, while supporting India's long-term goal of achieving net-zero emissions by 2070.

For the carbon markets, this development is expected to strengthen bilateral crediting mechanisms, create new opportunities for project developers, and drive investments in clean technologies across multiple sectors including renewable energy, energy efficiency, forestry, and community-based initiatives.

Commenting on the development, Mr. Manish Dabkara, CEO & MD, EKI Energy Services Ltd., said, "The Memorandum of Cooperation between India and Japan under Article 6.2 is a landmark that symbolizes the true potential of global partnerships in addressing climate change. By fostering technology transfer, investment, and market-driven solutions, the JCM opens new avenues to accelerate India's sustainable growth journey. At EKI, we are committed to leveraging our expertise in carbon markets to support the effective implementation of this mechanism, ensuring that ambition is translated into tangible climate impact. This development represents a blueprint for international cooperation that can inspire broader global action."

As a pioneer in the voluntary carbon market, EKI has been instrumental in developing and supplying carbon offsets for more than a decade. The company believes that the India-Japan cooperation will further enhance transparency, accountability, and integrity in carbon markets, strengthening investor confidence and fostering a climate-positive ecosystem.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 112.25 as compared to the previous close of Rs. 111.85. The total number of shares traded during the day was 12348 in over 292 trades.

The stock hit an intraday high of Rs. 115.65 and intraday low of 111.50. The net turnover during the day was Rs. 1400892.00.

Source : Equity Bulls

Keywords

EKIEnergyServices INE0CPR01018 India Japan CoOperation JointCreditingMechanism