India Launches Carbon Credit Trading Scheme to Combat Emissions

India's government has launched the Carbon Credit Trading Scheme (CCTS) as part of efforts to reduce greenhouse gas emissions. The scheme involves trading Carbon Credit Certificates (CCC) within the Indian Carbon Market (ICM), encouraging industries to meet greenhouse gas emission targets. The Bureau of Energy Efficiency will support the financial aspects of the scheme, while regulatory oversight will be provided by the Central Electricity Regulatory Commission. A National Steering Committee will oversee the scheme's implementation.

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