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ARTICLE · 09 DECEMBER 2024

Draft Framework For Trading Of Carbon Credit Certificates Through Power Exchange

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On November 13, 2024, the Central Electricity Regulatory Commission ("CERC") notified the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations...

IndiaEnvironment
Vishnu Sudarsan
Vishnu Sudarsan
Sugandha Somani Gopal
Sugandha Somani Gopal
Asmita Maan
Asmita Maan
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On November 13, 2024, the Central Electricity Regulatory Commission ("CERC") notified the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024 ("CCC Regulations"). The CCC Regulations aim to provide a structured framework for the trading of Carbon Credit Certificates ("CCCs") through power exchanges, enhancing the efficiency and transparency of India's emerging carbon market. CERC has invited comments /suggestions/objections on the draft CCC Regulations, to be submitted on or before December 15, 2024.

Purpose

The primary aim of the CCC Regulations is to establish a robust market mechanism for trading CCCs on power exchanges. This framework caters to both industries with specific environmental obligations ("Obligated Entities") and voluntary participants ("Non-Obligated Entities").

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