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ARTICLE · 02 SEPTEMBER 2024

GHG Emission Intensity Trajectory And Targets: Compliance Mechanism

ALAYA LEGAL ADVOCATES
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For a better and more comprehensive understanding of the Compliance Mechanism discussed in this write-up...

IndiaEnvironment
Ashwini Panwar
Ashwini Panwar
Priyanshi Aggarwal
Priyanshi Aggarwal
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Date of Publication: August 30, 2024

For a better and more comprehensive understanding of the Compliance Mechanism discussed in this write-up, readers are strongly recommended to refer to our previous article on the Carbon Credits Trading Scheme, 2023. Adherence to the provisions of the Carbon Credits Trading Scheme, 2023, and compliance with them require expert legal assistance.

Introduction

The Indian Carbon Market (ICM) was established to facilitate India's Nationally Determined Contributions (NDCs) under the Paris Agreement, 2015. The ICM aims to mobilize finance and technology to meet these targets. The entire ICM framework has been put in place pursuant to provisions of the Energy Conservation Act, 2001 and the Environment (Protection) Act, 1986. The Carbon Credit Trading Scheme, 2023 (CCTS) was notified by the Central Government pursuant to powers under Section 14(w) of the Energy Conservation Act, 2001. Under the CCTS, The Bureau of Energy Efficiency

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