ProClime, the unified service provider in the climate space spanning Singapore, India, and Sri Lanka, has signed an Memorandum of Understanding (MoU) with the Government of Tamil Nadu (GoTN). The MoU was signed at the Tamil Nadu Global Investors Meet 2024 in Chennai. Over the next five years, ProClime will invest INR 450 crores as climate investments in the state and aims to create employment opportunities through carbon projects for the youth both directly and indirectly.
In response, the Government of Tamil Nadu has pledged its commitment to providing essential support and a single window approval mechanism to enable the successful completion of these projects.
ProClime is poised to be the first unified climate service provider investing in Tamil Nadu for Carbon Projects that generate Carbon Credits to mitigate climate change. These credits will play a pivotal role in creating a climate economy and support sustainable development goals across Tamil Nadu and further help in meeting India’s Nationally Determined Contributions (NDC’s). This will further help Tamil Nadu position itself as a front runner in both Indian and Global Carbon markets.
Through this MoU, ProClime intends to marry meaningful change in the climate landscape with industrial aspirations of the state for a balanced growth to meet its USD 1 Trillion vision, while further accelerating India’s decarbonization journey.
Talking about the strategic move, Kavin Kumar Kandasamy said, “Our MoU with the Government of Tamil Nadu marks a pivotal step towards creating a sustainable and a low carbon future. We will be investing in Nature Based Solutions, AgroForestry, Carbon Capture, Energy Efficiency and Emission Removal projects. These investments will help create high integrity carbon projects across the state that address the demand for high quality carbon credits to help mitigate climate change across India and the world.”
.JPG)
.jpeg)
0 Comments