Beyond carbon pricing: India must build an ecosystem that helps industry translate climate ambition into industrial real
India’s Carbon Credit Trading Scheme (CCTS) is a historic milestone. Specific obligated entities across nine notified sectors—iron and steel, aluminium, cement, chlor-alkali, pulp and paper, petroleum refining, petrochemicals, textiles and fertilizers—are required to reduce their greenhouse gas (GHG) emissions below the assigned intensity target, for which they will be issued carbon credit certificates (CCCs).
