Presenting at PIICON 2024 🌍✨ — A Step Towards a Sustainable Future
Event Overview:
MNIT Jaipur hosted the IEEE 11th Power India International Conference (PIICON 2024) from December 10th to 12th, 2024. Dr. R P Singh, the former CMD of PGCIL and current chairperson of the BOG of IITs Kharagpur and Bhubneshwar, was the Chief Guest at the conference’s opening, followed by Prof. Anil Pahwa from Kansas State University as the Guest of Honor and Prof. Narayana Prasad Padhy as the Presiding Guest. There were four tutorials, fourteen keynote addresses, and more than 190 paper presentations at the conference.
PIICON 2024, is a pioneering platform to get insights into the knowledge sharing and innovation in power and energy sectors by its researchers, engineers, academicians, and industrialists. Hosted by IEEE Delhi Section and associated societies, this conference unites diversity under the umbrella of the theme: “Power and Energy Enabling Technologies for Future Grid”. From Smart Grids to Renewable Energy Integration, these sessions featured at the top of all other research going on with a focus towards solving some global energy challenges.
Smartgenx at PIICON 2024:
SmartGenx Pvt Ltd is proud to be part of this event and was represented by Mohammed Shaban, Sustainability Energy Analyst, and Dr. Vivek Prakash, our Research Consultant. Their collaboration, along with assistance from the wider team at SmartGenx, resulted in a paper that presented important findings on this important topic of carbon markets.
Track Presentation:
Under Track 7: Energy Management, Electricity Markets, and Policy/Regulatory Aspects, we presented our research paper, “Carbon Market Scenario: Challenges and Opportunities” (Paper ID: 111). The study explored the development and operation of carbon markets, from the Kyoto Protocol to the Paris Agreement. It highlighted:
- Key Mechanisms: Compliance and voluntary markets.
- Challenges: Regulatory inconsistencies, economic barriers, and transparency issues.
- Opportunities: Integration with renewable energy markets, global collaboration, and promoting sustainable innovations.
The paper explained how these mechanisms drive emissions reductions and promote global collaboration for sustainability, all of which align flawlessly with Smartgenx’s commitment to climate action.
Panel Discussion Insights:
An interesting panel discussion took place after the presentation which brought more insights into the carbon market trading system and carbon credits. The need to normalize the carbon credit trading system and employ market mechanisms to attain sustainability goals occurred during the panel discussion.
Acknowledgments:
We thank the organizing committee of the IEEE for their hospitality towards such a relevant event which gave us a platform to present our work. Thanks to Dr. Vivek Prakash whose guidance proved to be crucial in formulating our research.
Looking Ahead:
Participation in PIICON 2024 encourages Smartgenx’s vision to lead in the sustainability and carbon market. We aim to overcome challenges in the carbon market and explore rising opportunities to achieve a carbon-neutral future.
Stay tuned with us for more updates on our journey in growing the carbon market and encouraging sustainable development future.
Author :shaban