India’s emissions are rising
India’s carbon market challenge
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
India’s much-anticipated carbon credit trading scheme (CCTS) has once more been delayed. Two years after the it was first announced by the government, the breakthrough emission trading framework will now likely slip into next year. The government hopes the carbon market will play an important role in achieving 50% non-fossil fuel powered energy by 2030. At the same time, the authorities are having to balance rapid economic growth. In 2024, India’s emissions were expected to end 4.6% higher than the year before (8% of the global total), despite the longer-term goal of achieving net zero by 2070. “Without stringent oversight, the market could face challenges like greenwashing and credit
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
