Archive · 23 Jul 2025
Mumbai Firm Pioneers Carbon Credit for Vehicle Recycling
An envirotech company in Mumbai created a new way to earn carbon credits by recycling old cars.
This helps the environment by making sure old cars are taken apart safely and their materials are reused instead of polluting the planet.
They developed a plan for how to recycle cars correctly, which helps to reduce pollution and encourage businesses to recycle cars in a good way, making the process more environmentally friendly and offering financial benefits.
This initiative aims to clean up waste and reduce emissions.
Mumbai-based envirotech firm developed the world's first carbon credit methodology for scrapped vehicle recycling.
The methodology enables carbon credit generation through structured dismantling and recycling of vehicle materials.
It addresses the issue of unmanaged industrial waste from end-of-life vehicles (ELVs).
The methodology supports projects in registered vehicle scrapping facilities.
Projects will be eligible for carbon credit issuance via Cercarbono’s digital platform.
- Who
- Meta Materials Circular Markets (MMCM) in collaboration with Cercarbono.
- What
- A new carbon credit methodology for recycling scrapped vehicles.
- When
- The methodology was developed recently.
- Where
- Developed by a Mumbai-based company.
- Why
- To unlock climate finance and reduce environmental harm from vehicle waste.
Environmental Benefits
Economic Benefits
Impact on Environment
Environmental Benefits
The methodology reduces emissions and prevents pollution from improperly disposed vehicles.
Economic Benefits
N/A
- Company
- Meta Materials Circular Markets (MMCM)
- Location
- Mumbai, India
- Partnership
- Cercarbono
- Methodology Focus
- End-of-life vehicle (ELV) recycling
- Objective
- Generate carbon credits and reduce emissions
- Platform
- EcoRegistry