National carbon trading system to cover 15% of emissions by 2030: BEE
India’s national emissions trading system should begin operating within two years and could cover about 15% of the country’s emissions by 2030, according to an official involved in the preparations.
The market is likely to initially cover heavily polluting industries including steel, cement, paper and pulp, petrochemicals and aluminum, subject to their readiness, said Abhay Bakre, director general at the state-run Bureau of Energy Efficiency.
India’s power sector, which currently relies on coal for about 70% of electricity generation, may not be included in the system, Bakre said in an interview in New Delhi last week.
