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From News Desk  

India’s Carbon Credit Trading Scheme (CCTS), established under the Energy Conservation (Amendment) Act 2022, is beginning to reshape industrial emissions compliance and carbon market participation across the country.

The emerging framework is introducing formal monitoring, reporting, and verification (MRV) requirements for industrial organisations, creating growing demand for emissions measurement systems, verification-ready reporting infrastructure, and operational carbon data management capability.

Climate Change Response (CCR) has expanded its India operations to support industrial organisations, financial institutions, infrastructure operators, and government bodies preparing for the next phase of India’s carbon market and climate disclosure evolution.

The Bureau of Energy Efficiency (BEE) is continuing to develop sector-specific baselines, monitoring methodologies, and carbon credit issuance mechanisms under the scheme.

For organisations already operating under the Perform, Achieve and Trade (PAT) scheme across sectors including steel, cement, aluminium, power, and textiles, the transition introduces a significantly more structured emissions management and verification environment.

“India’s carbon market will increasingly reward organisations with robust measurement and verification infrastructure,” said Ashok Sharma, Director, Global Business at CCR. “Organisations relying on estimated or weakly governed emissions data may face growing compliance, verification and commercial risk as the market matures. Companies that establish credible MRV capability early will be in a significantly stronger position as sector baselines and reporting expectations continue evolving.”