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Below the Quote on COP29's Focus on Carbon Markets and Climate Finance by Bharat Dhawan, Managing Partner, Forvis Mazars in India

"The focus at COP29 on establishing a robust carbon market mechanism and recalibrating climate finance under the New Collective Quantified Goal (NCQG) is a crucial step in the global response to climate change. For India, this is particularly significant as the country seeks to balance its development priorities with its environmental commitments. By advocating for a carbon market that is inclusive and free of trade barriers, COP29 offers a path to reducing emissions while supporting India’s economic growth and its role in the global economy. Additionally, the discussions on financing needs, loss and damage, and carbon markets at COP29 provide a comprehensive approach to tackling these global challenges.

Forvis Mazars in India is aligned with this vision and committed to supporting our clients as they navigate the evolving climate finance landscape. We are confident that the initiatives launched at COP29 will provide the necessary financial and strategic support to foster sustainable growth for businesses and communities, especially in developing nations like India, as they address the challenges posed by climate change.”

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