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What is the Indian Carbon Market (ICM) and why does it exist?

Questions › Category: Carbon Footprint › What is the Indian Carbon Market (ICM) and why does it exist?
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Shweta Bansal asked 3 days ago
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Team GreenSutra® Staff answered 3 days ago

The Indian Carbon Market is a regulatory framework established under the Energy Conservation (Amendment) Act, 2022. It allows Indian entities to generate, buy, and sell Carbon Credit Certificates (CCCs) based on their greenhouse gas emission performance. It is designed to:

  1. Reduce Greenhouse Gas Emissions: Price carbon to incentivize the reduction, removal, or avoidance of emissions.
  2. Decarbonize the Economy: Help India achieve its goal of reducing emission intensity by 45% by 2030.
  3. Modernize Trading: Replace older schemes (like PAT) with a system that tracks actual emission intensity rather than just energy use.
Summary
Indian Carbon Market
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Indian Carbon Market
Description
Learn about Indian carbon Market established under the Energy Conservation (Amendment) Act, 2022.
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GreenSutra
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