India-Japan Carbon Mechanism: Understanding the New Implementation Rules The India Japan Carbon Mechanism introduces a structured framework for implementing greenhouse gas mitigation projects between India and Japan. The newly issued Rules of Implementation establish how both countries will collaborate to reduce emissions, generate carbon credits, and promote sustainable development while supporting the objectives of the…
Introduction The Carbon Credit Trading Scheme (CCTS) is a significant step by the Indian government to combat climate change and reduce greenhouse gas (GHG) emissions. Launched in 2023 under the Energy Conservation Act of 2001, the Carbon Credit Scheme India aims to establish a national framework for carbon trading, which incentivizes emission reductions through a…