Virender K. Duggal
V.K. Duggal manages ADB’s Future Carbon Fund. He has extensive experience in climate change, carbon finance and trust fund management as well as international trade cooperation. Mr. Duggal has worked in multilateral, public and private sector institutions in the areas of project development, portfolio management, advisory services, technology transfer and strategic collaborations across Asia, Europe and Africa.
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Carbon pricing – the cost of the damage caused by climate change – can be an important part of a broader climate policy that creates incentives to reduce emissions.
The co-benefits of projects supported by the Future Carbon Fund have changed the lives of thousands of people.
ETSs have enormous potential to help countries achieve their national climate goals, and reduce emissions in a cost-effective manner if interlinked with each other.
The new mechanism in the deal against climate change can generate momentum for market-based instruments to encourage low-carbon growth.
As the sun blazes down on the Thar Desert, pushing solar radiation levels beyond 400 W/m2, a new renewable energy plant is now harnessing the immense power of sunlight to power Rajasthan, India’s largest state.