India’s Bureau of Energy Efficiency (BEE) has recently unveiled the Detailed Procedure for Compliance Mechanism (DPCM) under the Carbon Credit Trading Scheme (CCTS). This marks a significant step towards India’s commitment to combating climate change and fostering a low-carbon economy.
The CCTS promotes sustainable practices by encouraging industries to adopt cleaner technologies and processes, provides economic incentives by rewarding entities for exceeding targets, and contributes significantly to India’s national and international climate goals.
The DPCM provides a clear roadmap for entities to meet their greenhouse gas (GHG) emission reduction targets through structured compliance mechanisms, stringent monitoring and reporting requirements, and a dynamic market for emissions trading through Carbon Credit Certificates (CCCs).
Read this article by Anish Jaipuriar, Hardik Sabbarwal and Divyam Sharma, summarising the detailed procedure for compliance mechanism issued under CCTS: https://lnkd.in/gQDaFPzV
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