Power, environment ministries to develop carbon credit trading scheme for decarbonisation

New Delhi, Union ministries of power and environment, forests & climate change will develop a carbon credit trading scheme for decarbonisation. The government plans to develop the Indian Carbon Market (ICM) where a national framework will be established with an objective to decarbonise the Indian economy by pricing the Green House Gas (GHG) emission through trading of the carbon credit certificates, a power ministry statement said.

The Bureau of Energy Efficiency under the Ministry of Power along with Ministry of Environment, Forest & Climate Change are developing the Carbon Credit Trading Scheme.

A one-day ‘Stakeholder Consultation on Accredited Carbon Verifiers under ICM’ was organised in the national capital on Thursday.