From PAT to CCTS: India’s Transformative Shift Toward a Carbon Market Future
As India plans to reach its 2070 net-zero goal; there are many policies which are coming up evolving from energy efficiency to carbon accountability, progressing in the direction of that future. The foundational groundwork was laid by the PAT scheme (Perform, Achieve and Trade) and the shift towards being accountable for your emissions is taken […]
India’s CCTS: Complete Guide to 9 Sectors Under Carbon Credit Trading Scheme
India’s Carbon Credit Trading Scheme (CCTS) introduced by the BEE (Bureau of Energy Efficiency) marks a foundational step in India’s decarbonisation journey. Under this scheme, extensive energy sectors are notified to reduce their emission intensities through assigning them baseline targets along with the reduction targets monitored through reporting. These sectors form the bulk of all […]
Global Carbon Markets & Trading Explained
Over the past six months, the world has witnessed a rapid expansion of carbon markets. Countries such as India, Saudi Arabia, Pakistan, UAE, and Vietnam have introduced their own carbon credit trading schemes, signalling a collective shift towards market-based mechanisms to tackle climate change. Additionally, the United Nations (UN) launched its global carbon market under […]
Unveiling India’s Carbon Credit Trading Scheme
As the world grapples with the urgent need to address climate change, countries are searching for innovative solutions to reduce carbon emissions and transition to a greener future. Recently, in a landmark moment for global climate governance, COP29 delivered on a decade-long promise by launching the world’s first unified global carbon market under the Article […]