How does India's Carbon Credit Trading Scheme work?
A reference note on the Indian Carbon Market (ICM) as published on the Government of India portal, covering its purpose as a domestic compliance and offset mechanism for greenhouse-gas mitigation.
Covers India's Carbon Credit Trading Scheme; references to CBAM are for cross-border context only.
The Indian Carbon Market is the official domestic carbon trading framework being operationalised by the Government of India to support greenhouse-gas mitigation through tradable carbon credit certificates.
It is conceived to operate alongside India's international engagement under the UNFCCC, including ongoing work on Article 6 cooperative approaches and market mechanisms.
Domestic context
The official Indian Carbon Market portal (indiancarbonmarket.gov.in) is the Government of India's reference source for the design and rollout of the domestic market.
Multilateral context
UN Climate Change reports continued adoption of new methodologies under its centralised crediting mechanism, signalling ongoing evolution of international carbon market infrastructure that interfaces with national systems.