India's Carbon Credit Trading Scheme (CCTS): how it works
A plain guide to India's Carbon Credit Trading Scheme: the law, who runs it, sector targets for 490 entities, the offset mechanism, CERC trading rules and the link to PAT.
Who runs the Indian Carbon Market?
| Body | Role |
|---|---|
| National Steering Committee for Indian Carbon Market (NSCICM) | Co-chaired by the Secretaries of the Ministry of Power and MoEFCC; recommends rules, targets and procedures and oversees the market |
| Bureau of Energy Efficiency (BEE) | Administrator: develops targets and methodologies, accredits verifiers, and issues CCCs with Central Government approval |
| Grid Controller of India (Grid-India) | Registry: registers entities, keeps CCC accounts and records transactions |
| Central Electricity Regulatory Commission (CERC) | Regulates trading of CCCs on power exchanges |
| Accredited Carbon Verification Agencies (ACVAs) | Independent validation and verification |
| MoEFCC | Notifies emission intensity targets |
Sources: BEE Indian Carbon Market page (2026) and PIB, Ministry of Power, 4 December 2025.
Sources: Bureau of Energy Efficiency: Indian Carbon Market (CCTS) page; BEE: Detailed Procedure for Compliance Mechanism under the Indian Carbon Market; PIB (MoEFCC), 22 January 2026: Government notifies GHG Emission Intensity Targets for 208 more carbon-intensive industries; PIB (Ministry of Power), 28 March 2025: India's Carbon Offset Plan; PIB (Ministry of Power), 4 December 2025: Framework for CCTS established; PIB (Ministry of Power): Year End Review 2025; PIB (Ministry of Power), 21 March 2026: Prakriti 2026 and Indian Carbon Market Portal launch; CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2026; CERC: Current Regulations index; PIB: Cabinet approves India's Nationally Determined Contribution (2031-2035) (25 March 2026)
This article was prepared with AI assistance and checked by the GreenEye team against the sources shown in each section.
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