India Launches Carbon Credit Trading Scheme for Industry Decarbonisation
India has introduced the Carbon Credit Trading Scheme (CCTS) to promote decarbonisation in the industrial sector. The scheme, managed by a newly formed National Steering Committee and other key bodies, comprises two mechanisms — Compliance and Offset. Through these, industries can earn carbon credit certificates by meeting or exceeding greenhouse gas emission targets or by voluntarily implementing projects that reduce emissions. The scheme marks a transition from the previous Perform, Achieve, and Trade (PAT) scheme for several industrial sectors, though thermal power plants remain under the PAT scheme.
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