​Indian Carbon Market: Fulfilling Obligations of Paris Agreement

On 13th August, 2024, Centre for Science and Environment (CSE) released a report, titled ‘The Indian Carbon Market: Pathways towards an Effective Mechanism’, offering a roadmap to ensure the market’s effectiveness in curbing emissions.

  • It is to be noted that while presenting the Union Budget 2024-25, Finance Minister announced the transition of hard-to-abate sectors from the existing Perform, Achieve and Trade (PAT) scheme to the upcoming Indian Carbon Market (ICM).
  • This transition aims to accelerate emissions reduction and meet India's Nationally Determined Contribution targets by 2030 under the 2015 Paris Agreement.

Carbon Markets: An Introduction

  • Carbon markets are market-based mechanisms ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Environmental Issues