Carbon Credit Trading Scheme

October 12, 2026 9:45 PM

India, EU agree to continue talks on CBAM issue

India and the European Union agreed to strengthen cooperation and facilitate continued dialogue on carbon markets, Carbon Border Adjustment Mechanism (CBAM)-related methodologies and opportunities for enhanced technical ties at a high-level meeting in New Delhi on Monday. The Indian side was led by Power Secretary Pankaj Agarwal, and the EU team was headed by the European Commission’s Director-General for Taxation and Customs Union, Gerassimos Thomas. The discussions focused on India’s car...

June 30, 2025 3:37 PM

Govt drafts emission targets for over 460 industries under carbon market plan

The Ministry of Environment has issued a draft notification proposing legally binding greenhouse gas (GHG) emission targets for over 460 industrial units as part of India's first compliance-based carbon market. The move, aimed at curbing industrial emissions and accelerating decarbonisation, will apply to sectors such as aluminium, iron and steel, petroleum refining, petrochemicals, and textiles. Titled the Greenhouse Gas Emission Intensity Target Rules, 2025, the draft, dated June 23, forms p...

June 23, 2025 5:23 PM

India advances carbon pricing reforms to meet climate goals

India is moving steadily towards establishing a comprehensive carbon pricing ecosystem aimed at meeting its climate and development commitments. With the formal adoption of the Carbon Credit Trading Scheme (CCTS) in July 2024 and increasing alignment with global carbon markets, the country is setting the stage for a structured, rate-based Emissions Trading System (ETS). According to the World Bank’s State and Trends of Carbon Pricing 2025 report, India has emerged as a notable player among em...