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ARTICLE · 31 JULY 2023

Contextualizing Carbon Credit Trading In India

S&R Associates
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The previous note discussed the administrative apparatus related to India's Carbon Credit Trading Scheme, 2023 (the "CCTS," and the final version...

IndiaEnergy and Natural Resources
Deborshi Barat
Deborshi Barat
Harshdeep Singh Bedi
Harshdeep Singh Bedi

The previous note discussed the administrative apparatus related to India's Carbon Credit Trading Scheme, 2023 (the "CCTS," and the final version, the "Final CCTS"), as notified on June 28 by India's Power Ministry ("MoP") in consultation with the Bureau of Energy Efficiency ("BEE"), collectively representing the central government ("CG") in this regard. Given the wider ecosystem of integrated energy markets, in this note, we analyze the scheme as a whole – and especially in the context of global decarbonization initiatives, including in connection with past and present templates related to energy savings and trading mechanisms, both Indian and international.

The CCTS: Background

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This insight/article is intended only as a general discussion of issues and is not intended for any solicitation of work. It should not be regarded as legal advice and no legal or business decision should be based on its content.

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