
Carbon Credit Trading Scheme (CCTS) 2023: Assessing India’s First Mandatory Carbon Market and Its Path to Net-Zero
India has spent decades regulating how much energy its industries use, but until now it never had a legal mechanism to price how much carbon those industries actually emit. The Carbon Credit Trading Scheme (CCTS) changes that. Notified by the Ministry of Power on 28 June 2023 under Section 14AA of the Energy Conservation (Amendment) Act, 2022, CCTS establishes India's first mandatory domestic carbon market, built around energy-intensive industries that together account for a sizable share of the country's industrial emissions.






