TIC Council India is happy to announce the release of the Position Paper "Next Generation Reforms: TIC Council India Recommendations for Robust and Credible Indian Carbon Credit Trading Scheme (CCTS)."
The Indian Carbon Credit Trading Scheme (CCTS), operationalised under the Energy Conservation (Amendment) Act, 2022, and the Detailed Procedure for Compliance Mechanism (BEE, 2023), is a cornerstone of India’s commitment to reducing greenhouse gas (GHG) emission intensity by 45% by 2030 (from 2005 levels) and achieving net-zero4 by 2070.
Central to its success is a robust Monitoring, Reporting, and Verification (MRV) framework, ensuring accurate GHG accounting for obligated entities in high-emitting sectors such as power, cement, steel, aluminium, fertilizers, refineries, and petrochemicals.
This position paper presents TIC Council India’s recommendations to strengthen the verification and accreditation system underpinning the Indian Carbon Credit Trading Scheme. The objective is to support a credible, internationally aligned market that reduces compliance burdens, safeguards integrity, and accelerates India’s progress towards national climate targets.