EKI Energy Services Limited hereby announce our support for the Memorandum of Cooperation (MoC) signed between the Government of India and the Government of Japan on the Joint Crediting ....
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EKI Energy Services has issued a press release expressing support for the Memorandum of Cooperation signed between the Government of India and the Government of Japan on the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement. The agreement enables bilateral cooperation on low-carbon technologies and the exchange of carbon credits, supporting India's net-zero target by 2070. EKI sees this as an opportunity to strengthen carbon markets, attract clean technology investments, and expand its role in sectors like renewables, energy efficiency, and forestry. The company has positioned itself as a pioneer in the voluntary carbon market for over a decade and plans to leverage its expertise to support implementation of this mechanism.
This is a supportive statement rather than a binding business development, so near-term stock impact is likely limited. However, it signals EKI's intent to participate in India-Japan carbon credit projects, which could open new revenue avenues in the medium term if the mechanism leads to concrete project awards.