However, designing policy instruments that could potentially generate additional revenue for the government to contribute to climate finance while effectively reducing emissions is equally critical.
India's carbon credit and trading scheme (CCTS) is one such policy instrument that will start its pilot phase this year. We delve into the four factors influencing India's carbon price and emissions trading system.
The government launched the Indian carbon market in 2023. It consists of setting up a voluntary or offset market and the national emission trading scheme, dubbed the CCTS. The scheme obligates entities in chosen sectors to reduce their carbon emissions. After a transition period from 2024 to 2026 consisting of select entities, it will become fully operational in 2027.
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Sangita's double strike helps India win in ACT
YOUNG striker Sangita Kumari scored a brace as defending champions India defeated Malaysia 4-0 to open their campaign at the women's Asian Champions Trophy hockey tournament on a confident note on Monday.
GAMBHIR TIME DOWN UNDER
In coach's biggest assignment since taking over, results may decide direction of India team
PCB to write to ICC seeking clarifications on Champions Trophy
GIVEN the recent developments with regard to the 2025 Champions Trophy, hosts Pakistan Cricket Board (PCB) is going to write to the International Cricket Board (ICC) seeking clarity over the situation.
Aravindh Chithambaram: Grand Master of Chennai
ARAVINDH Chithambaram is a pessimist by nature. When he was being driven to the Anna Centenary Library before the opening round of the Chennai Grand Masters last Tuesday, the 25-year-old had only thought running through his mind.
ATP Finals: Ruud beats Alcaraz
NORWAY'S Casper Ruud eased to a straight-sets victory over Carlos Alcaraz on Monday as the Spanish star's bid for a maiden ATP Finals title got off to a poor start.
Hit by absence of injured Yamal, Barcelona lose to Sociedad
MISSING injured Lamine Yamal, Barcelona saw their seven-game winning run come to an end with a 1-0 loss at Real Sociedad in the Spanish league.
Will Trump's win force India to rejig corp tax?
Experts say dynamics of tax rates are complex and influenced by factors beyond mere comparison with US rates
BoI profit soars 63% on better asset quality
IMPROVEMENT in asset quality and non-interest income boosted bottomline of state-run Bank of India by 63% to ₹2,374 crore.
Zomato, Swiggy say complying with CCI rules
AMID a CCI investigation into anti-competitive practices, Zomato has emphasised its adherence to competition laws, while competitor Swiggy has affirmed its dedication to following local regulations.
Net equity fund inflows surge to ₹41,000 cr in Oct
RECORD inflows into open-ended equity mutual funds, which surged 21.7% on a month-on-month basis in October at ₹41,887 crore, made it the 44th month of positive inflows.
