India Carbon Credit Trading Scheme (CCTS)
The Carbon Credit Trading Scheme (CCTS) is India’s first comprehensive market-based mechanism to reduce greenhouse gas emissions, aligned with its commitments to achieve net-zero by 2070 and reduce emission intensity by 45% by 2030 (from 2005 levels). It is backed by the Energy Conservation (Amendment) Act, 2022.
Salient Features: CCTS follows a baseline-and-credit model, where industries that emit less than prescribed intensit
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