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2 clusters · 6 sources · 23 days · First seen · Last updated

India carbon credit market development and recognition

Overview

India is advancing its Carbon Credit Trading Scheme (CCTS) to create a regulated framework where companies can trade credits earned through emission reductions. This system aims to turn pollution reduction into a financial asset.

In tandem with these regulatory developments, new methodologies have been introduced to generate carbon credits from recycling end-of-life vehicles, quantifying the greenhouse gas reductions achieved by recovering materials. This expansion addresses the projected growth of end-of-life vehicles in India, which is expected to reach nearly 50 million by 2030.

On an international level, the United Kingdom has officially recognized India’s CCTS as a qualifying carbon pricing mechanism under its Carbon Border Adjustment Mechanism (CBAM). This recognition allows UK importers of eligible Indian goods to seek carbon price relief to prevent the imposition of double carbon costs, provided they meet specific UK legal verification requirements.

Entities

India · Meta Materials Circular Markets · Bureau of Energy Efficiency · NITI Aayog · Cercarbono

Timeline

  1. [BUSINESS] 2 sources
    India expands carbon market through trading schemes and vehicle recycling

    India is expanding its carbon market through the Carbon Credit Trading Scheme and new methodologies that allow carbon credits to be generated from recycling end-of-life vehicles.

  2. [BUSINESS] 4 sources
    UK recognizes India’s carbon credit scheme under CBAM

    The UK has recognized India’s Carbon Credit Trading Scheme under its CBAM, allowing Indian exporters to seek carbon price relief and reducing potential double taxation on goods entering the UK.

Sources

azeritimes.com · bhaskarlive.in · deccanchronicle.com · easterneye.biz · news18.com · thefinancialworld.com