Press Release on Development under Indian Carbon Market
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Awaiting price reaction for this filing.
The Government of India has approved the detailed procedure for the Offset Mechanism along with eight distinct methodologies under the Carbon Credit Trading Scheme, 2024. This allows businesses and organisations outside the compliance framework to participate in emission reduction projects and earn carbon credits. The approved methodologies cover renewable energy (including hydro and pumped storage), green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation. EKI Energy Services, a leading carbon credit developer and supplier, welcomed the move and stated it is well-positioned to facilitate project development, carbon asset management, credit generation, and trading under the new framework. The company has over 200 million offsets supplied across 40+ countries.
This is a positive sector-level development that expands the addressable market for EKI's core carbon credit business by enabling voluntary participation from non-compliance entities. However, there is no immediate revenue impact or specific order win disclosed, so the stock reaction will depend on how quickly the new framework translates into actual project pipelines for the company.