What is India's CCTS, and how does its offset mechanism work?
sourced
The Carbon Credit Trading Scheme, under the Energy Conservation (Amendment) Act 2022, has a compliance mechanism and a voluntary offset mechanism, where one Carbon Credit Certificate equals one tonne of CO2e reduced, removed or avoided. Offset projects must have started on or after 1 January 2025 and must be additional.
- Source
- agrospectrumindia; lawrbit
- sourced
- Traceable to a named source.
- Level
- Practitioner — Operating numbers, ranges and failure modes.
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