Power ministry seeks comments on draft carbon credit trading scheme
The power ministry on Monday issued a draft 'Carbon Credit Trading Scheme' with an aim to set up a framework for Indian carbon market and sought feedback from stakeholders.
The comments on the draft scheme would have to be submitted with the ministry by April 14, 2023, an office memorandum stated.
The parliament has passed the Energy Conservation (Amendment) Bill, 2022 and a notification for the same was issued in December 2022.
One of the provisions of this amendment included empowering the central government to "specify carbon trading scheme", in consultation with Bureau of Energy Efficiency (BEE).
Now the ministry of power is in the process to finalise the Carbon Credit Trading Scheme (CCTS).
The CCTS provides that an 'Accredited Carbon Verifier' means an agency accredited by the BEE to carry out validation or verification activities in respect of the CCTS.
The 'Carbon Credit Certificate' (CCC) means the certificate issued to the registered entity by the central government, or