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

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...

India advances carbon pricing reforms to meet climate goals

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...