Carbon Credit Trading in India

Recently, the Union government issued a notification introducing the draft framework for the Indian Carbon Credit Scheme 2023. The Bureau of Energy Efficiency has collaborated with the Ministry of Environment, Forest & Climate Change in developing the Carbon Trading Scheme.

Anticipated Benefits of the Indian Carbon Credit Market

  • Aligning with Climate Commitments: Targeting a 45% reduction in GDP emissions intensity by 2030 compared to 2005 levels, in line with India's NDC commitments.
  • Decarbonization of Sectors: Playing a pivotal role in decarbonizing commercial and industrial sectors, contributing to India's net zero emissions goal by 2070.
  • Boosting Energy Transition: Encompassing various energy segments to ....
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Ecology & Environment