India’s Carbon Credit Trading Scheme – a New Beginning
13th September 2022
In August 2022, the Lower House of India's Parliament passed a bill to establish a domestic carbon credit trading scheme. The passing of the bill highlights the Government's focus on creating a climate mitigation framework that builds on the most flexible elements of international developments to meet its climate targets.
Although CCS is being evaluated in India, there is no timeline providing clarity about when CCS may be included in India's climate plans. However, the amendment indicates a new era for India in its quest to reduce emissions and meet climate commitments. Like carbon trading systems elsewhere, CCS projects may later be included and benefit from an Indian carbon market.
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