Glossary
Carbon Credit Trading Scheme (CCTS)
Definition
India's domestic carbon market under the Energy Conservation Act, with a compliance mechanism (binding emission-intensity targets for obligated industrial entities) and a voluntary offset mechanism, administered by the Bureau of Energy Efficiency.
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Answered in the FAQs
Questions where this term comes up.
- What is the CCTS and when was it notified?
- What are the market segments of CCTS?
- Who is mandatorily covered under the compliance mechanism?
- What is a Carbon Credit Certificate (CCC) and what does it represent?
- How are targets set for obligated entities under the CCTS? Is it a cap-based system or a rate-based system?
- What is the offset mechanism and who can participate?
- How will the price of CCCs be determined in the compliance market?
- What are floor price and forbearance price?
- Can the same entity operate in the compliance market and voluntary offset market?
- Can any entity from any industry generate credits from the voluntary market?
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