Article

The Global Carbon Council (GCC) and The Energy and Resources Institute (TERI) have signed an MoU to create India's first digital carbon marketplace focused on household clean energy projects. This initiative, part of TERI's LaBL 2.0 program, aims to facilitate carbon finance for Distributed Renewable Energy solutions, enabling rural communities to convert small-scale clean energy actions into tradable carbon credits.

The partnership will develop a digital Energy Access and Carbon Marketplace to streamline project aggregation and carbon credit generation while engaging with Indian government institutions for potential recognition under compliance markets. TERI will lead capacity-building efforts to ensure community participation and project sustainability, with broader implications for other developing countries looking to connect local climate actions with international carbon markets.