India to Set Carbon Reduction Targets for Key Sectors

Government of India’s recent reports highlight that the country is moving decisively towards its climate goals by setting carbon emission reduction targets for four major fossil fuel-dependent sectors.

Key Points

  • India's Strategic Focus: India is strategically targeting specific industries, including petrochemicals, iron and steel, cement, and pulp and paper, to align with its greenhouse emissions reduction objectives.
  • Setting Carbon Emission Benchmarks: The government is planning to establish carbon emission benchmarks and reduction goals for these industrial sectors within the next three years.
  • Introduction of Carbon Trading Cycle: A significant initiative is the introduction of an annual market trading cycle, which will enable ....
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