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India's Carbon Market (CCTS & GEI Rules)

India's compliance carbon market rests on the Carbon Credit Trading Scheme (CCTS), notified in 2023, and the Greenhouse Gases Emission Intensity (GEI) Target Rules, which give 490 obligated industrial units plant-level limits on emissions per unit of output. It is in the news because India and Japan launched the Operational Manual of their Joint Crediting Mechanism (JCM), a credit channel under Article 6.2 of the Paris Agreement, on 30 September 2026.

Last updated 6 October 20266 min read
Latest update
Adds the India-Japan JCM Operational Manual of 30 September 2026, which takes the Article 6.2 channel to projects, and reorganises the card around the scheme's core and a dated log.

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