India’s Carbon Credit Trading Scheme 2023 – How is the industry reacting to it

The government has taken a step towards reducing greenhouse gas emissions and promoting sustainability by launching the Carbon Credit Trading Scheme 2023. This scheme assigns a value, known as a carbon credit, to every ton of carbon dioxide equivalent (tCO2e) reduced or avoided, providing a structured framework for the country’s carbon market. Under the new

Council and Parliament reach provisional deal on EU ETS

The Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package that will further reduce emissions and address their social impacts. The deal is provisional pending formal adoption in both institutions. The EU Emissions Trading System (EU ETS) is a carbon market based on a

Carbon trading market likely in India

As part of its efforts to hasten the transition to cleaner fuels, India is likely to introduce a carbon trading market for major emitters in the energy, steel and cement industries. The platform is expected to be announced by Prime Minister Narendra Modi at Independence Day celebrations on August 15. The market would initially be