Ministry of Power & Ministry of Environment, Forests & Climate Change to develop Carbon Credit Trading Scheme for Decarbonisation

Ministry of Power & Ministry of Environment, Forests & Climate Change to develop Carbon Credit Trading Scheme for Decarbonisation

Daily Current Affairs   /   Ministry of Power & Ministry of Environment, Forests & Climate Change to develop Carbon Credit Trading Scheme for Decarbonisation

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Category : National Published on: May 15 2023

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  • The government plans to develop the Indian Carbon Market (ICM) where a national framework will be established with an objective to decarbonise the Indian economy by pricing the Green House Gas (GHG) emission through trading of the Carbon Credit Certificates. 
  • Bureau of Energy Efficiency, Ministry of Power, along with Ministry of Environment, Forest & Climate Change are developing the Carbon Credit Trading Scheme for this purpose. 
  • A 'One day Stakeholder Consultation on Carbon Verifiers Accredited under ICM' has been organized in New Delhi.
  • India has been at the forefront of climate action to meet the climate goals through its ambitious Nationally Determined Contributions (NDC).
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