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
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
