EKI Energy, Shell Overseas Form JV to Develop Nature-based Solutions in India
Carbon credit developer & supplier EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc, have joined hands to develop nature-based solutions in India.
March 25, 2022. By Manu Tayal
Under the partnership, a newly formed Joint Venture (JV) company with the name Amrut Nature Solutions Pvt Ltd has its registered office in Indore, Madhya Pradesh.
Amrut is a Sanskrit word that means immortality. With the same goal i.e. to ensure environmental sustainability, Amrut Nature Solutions Pvt Ltd will work towards conservation, restoration, and enhancement of natural ecosystems such as agriculture, forests, wetlands, grasslands, and blue carbon to reduce greenhouse gas emissions while benefitting people and nature.
The JV will provide consultancy/advisory services to develop nature-based solutions’ projects such as Forests, Sustainable Agriculture, Mangroves amongst others, to generate carbon credits for international voluntary or compliance carbon markets. The JV would follow high-quality standards and prominent GHG mechanisms to quantify and certify the impact they create with its project activities.
The projects will not only mitigate greenhouse gases but will also address the societal challenges effectively and simultaneously provide well-being and biodiversity benefits.
Commenting on the development, Manish Dabkara, CMD & CEO, EKI Energy Services Ltd said, “We, at EKI are glad about our collaboration with Shell as we passionately work towards contributing to India's climate ambition and building a sustainable future. Through the Joint Venture, we seek to speed India's net-zero transition and development of a climate resilient economy by enhancing the adoption and execution of Nature-based Solutions while reducing the overall concentration of greenhouse gas in the atmosphere.”
"Shell has been increasingly working with nature to help reduce the overall concentration of greenhouse gases in the atmosphere globally. Through this joint venture - Amrut Nature Solutions and the credible partnership with EKIESL, we look forward to accelerating in the space of Nature-based Solutions in the country. This is yet another step forward in our target towards being a net-zero emissions energy business by 2050, or sooner in step with society”, said Kazeem Khan, Shell General Manager of Nature-based Solutions.
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