Over the past six months, the world has witnessed a rapid expansion of carbon markets. Countries such as India, Saudi Arabia, Pakistan, UAE, and Vietnam have introduced their own carbon credit trading schemes, signalling a collective shift towards market-based mechanisms to tackle climate change. Additionally, the United Nations (UN) launched its global carbon market under...
Continuing from our previous discussion on the Indian Carbon Credit Trading Scheme (CCTS), this blog delves into the calculation methodology integral to the scheme. It encompasses the scope boundaries, notional emissions, targets, and compliance cycles, as well as the methods for raw material and fuel data collection and reporting. Grasping these elements is essential for...
As the world grapples with the urgent need to address climate change, countries are searching for innovative solutions to reduce carbon emissions and transition to a greener future. Recently, in a landmark moment for global climate governance, COP29 delivered on a decade-long promise by launching the world’s first unified global carbon market under the Article...
