Power & Carbon Markets

India’s Energy Storage Obligation — introduced alongside the RPO and RCO — requires distribution companies and large open-access consumers to procure a defined percentage of their electricity from storage systems. The CERC 3× pumped hydro REC multiplier is the primary supply-side incentive. BESS deployment is the primary demand-side compliance tool. This article maps the ESO framework, the compliance pathways, and what industrial consumers need to understand about their potential ESO obligations.

The European Parliament adopted the CBAM Omnibus Regulation EU 2025/2083 in March 2025, amending the original CBAM Regulation EU 2023/956. The Omnibus introduced a de minimis threshold exempting small importers, revised the treatment of indirect emissions in aluminium, added anti-circumvention provisions for scrap, and updated the verification timeline. This article maps every substantive change and what it means for Indian exporters.

India’s CCTS Phase 1 compliance deadline, the date by which obligated entities in seven notified sectors must have completed GHG emission reporting, ACVA verification, GEI assessment, and CCC surrender or surplus banking — is set for June 2026. The exact action sequence and deadlines are mapped here, with the five most common compliance gaps that BEE’s review process has already identified.

India’s power sector CO₂ fell in FY25 — only the second structural decline in half a century, driven by record renewable additions. CEA’s optimal mix projection shows non-fossil generation rising from 25% to 44% by FY2029-30. For industrial CCTS obligated entities, this trajectory is delivering an automatic, passive Scope 2 GEI improvement of approximately 0.020–0.030 tCO₂/t per year for a typical energy-intensive plant — without any capital investment by the entity. This article maps the structural decline, its carbon market consequences, and what it means for CCTS compliance planning.