New Delhi, May 22 -- India has been preparing to operationalise its first domestic compliance carbon market over recent years. The Energy Conservation (Amendment) Act, 2022 empowered the government to establish a national carbon market. Building on the PAT (Perform, Achieve and Trade) energy-efficiency scheme - which covered over 1,000 units across 13 sectors - the Union Ministry of Power notified the Carbon Credit Trading Scheme (CCTS) on June 28, 2023.

In July 2024, the Bureau of Energy Efficiency (BEE) published detailed regulations for the planned compliance market, followed by the release of details on India's offset mechanism under the CCTS.

On April 16, 2025, the Union Ministry of Environment, Forest and Climate Change (MoEF&CC...