To boost the trading of carbon credits in the country, India’s Ministry of Power has notified the Carbon Credit Market Scheme. Within just a few days ago, the government releasing a draft document for establishing a carbon credits market in India.
Through a gazette notification released on June 30, the ministry approved the formation of India’s first domestic regulated carbon market. The scheme also shows that it will set up a National Steering Committee, which will govern and have direct oversight over the functioning of the carbon market.
