India carbon market launch
India will launch formal carbon market trading within the next four months, enabling entities to trade carbon certificates as part of a national climate-economic framework. The move is aimed at aligning industrial growth with emissions management as India scales climate policy tools. (newsable.asianetnews.com)
The government formally launched the Indian Carbon Market portal during the Prakriti 2026 conference on March 21, 2026, with the Bureau of Energy Efficiency and the ministries of Power and Environment listed as organisers. (pib.gov.in) The portal is published under the Indian Carbon Market domain and the government says stakeholders will need to register on that central platform before participating in carbon‑certificate transactions. (swarajyamag.com) The Carbon Credit Trading Scheme (CCTS) underpinning the market uses fiscal 2023–24 as the baseline and sets greenhouse‑gas emission‑intensity (GEI) targets for compliance years including 2025–26 and 2026–27. (downtoearth.org.in) A notification dated January 13, 2026 brought petroleum refineries, petrochemicals, textiles and secondary aluminium into the compliance mechanism, adding 208 obligated entities and taking the total covered to 490 facilities. (pib.gov.in) The CCTS is being rolled out alongside existing efficiency programmes and will integrate sectors from the Perform, Achieve and Trade (PAT) framework, which previously covered over 1,000 units across 13 energy‑intensive sectors. (icapcarbonaction.com) Government briefings and the portal indicate Carbon Credit Certificates will be issued through a central registry and made available for trading on supervised power exchanges as the market infrastructure goes live. (newzino.com)
