India is on the cusp of launching its own carbon market, which will be a game-changer for businesses across the country. Here's what you need to know.
The Indian Carbon Credit Trading Scheme
The Bureau of Energy Efficiency (BEE) is developing a comprehensive framework for carbon trading in India. This market-based mechanism will help achieve India's climate commitments.
Key Features
- Compliance market for designated industries
- Offset mechanisms for voluntary participation
- Integration with international carbon markets
How to Prepare
- Assess your emissions - Conduct a comprehensive GHG inventory
- Identify reduction opportunities - Find cost-effective ways to cut emissions
- Explore offset projects - Develop or invest in carbon offset projects
- Build internal capacity - Train your team on carbon accounting
