regulatory repository
Carbon Markets and Emissions
India is developing a National Carbon Market to support industrial decarbonisation and meet its climate commitments under the Paris Agreement.
The framework is built on energy efficiency mechanisms and is evolving into a broader emissions trading system covering energy intensive industries.
These regulations establish the institutional structure, trading mechanisms and compliance obligations that will govern carbon pricing and emissions reduction in the Indian economy.
Key Regulations
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Carbon Credit Trading Scheme (CCTS), 2023
The Carbon Credit Trading Scheme establishes the framework for the Indian Carbon Market. It introduces tradable carbon credit certificates that represent verified emission reductions and creates mechanisms for compliance and offset markets.
The scheme is administered by the Bureau of Energy Efficiency under the Ministry of Power, with oversight from a national steering committee involving multiple ministries.
1. Official notification
https://beeindia.gov.in/sites/default/files/CCTS.pdf
2. Press Information Bureau
https://www.pib.gov.in/PressReleseDetail.aspx?PRID=2223703
3. Carbon market overview by the Bureau of Energy Efficiency, Government of India
https://beeindia.gov.in/carbon-market.php
Energy Conservation Act, 2001 (amended 2022)
The Energy Conservation Act is the legal foundation for India’s energy efficiency programs and carbon market development.
The Act established the Bureau of Energy Efficiency and provides powers to implement market based mechanisms such as energy saving certificates and carbon credit trading.
1. Official act
https://powermin.gov.in/sites/default/files/uploads/ecact2001.pdf
2. Energy Conservation (Amendment) Act, 2022
https://powermin.gov.in/sites/default/files/The_Energy_Conservation_Amendment_Act_2022_0.pdf
3. Rules under the act
https://powermin.gov.in/en/content/rulesregulations-under-energy-conservation-act-2001