Creating the net-zero path: Why Budget 2025 needs to pave the way for a strong carbon credit market

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Creating the net-zero path: Why Budget 2025 needs to pave the way for a strong carbon credit market - Economic Times

Quick Summary:

From job creation to improving global competitiveness of both small and large firms, a strong carbon credit market is the need of the hour for India.

While initiatives like the Energy Conservation (Amendment) Act 2022 have laid the groundwork, Kaushik says, “A cohesive and enforceable national policy for carbon markets is still missing.

Gupta points out that a significant impediment is a lack of integration among diverse stakeholders, such as industry, regulators, and market participants.“Another problem is ensuring the credibility and standardisation of carbon credits.