Current Affairs - National - Discussion

The National Designated Authority (NDA) for carbon markets has been constituted with 21 members as a statutory body under the Environment Ministry. It is chaired by the Environment Secretary and includes representatives from key ministries like External Affairs, Steel, Renewable Energy, Power, and NITI Aayog. The creation of this 21-member body is a mandatory step under Article 6 of the Paris Agreement, which was further finalised at COP29 in Baku (2024). The NDA will serve as the nodal regulator, overseeing India’s participation and compliance in global carbon markets.