New Carbon Credit Trading Rules

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The Bureau of Energy Efficiency (BEE) launched two important guidelines in Hyderabad to help improve India’s Carbon Market, which is part of the country’s plan to fight climate change. These guidelines aim to make carbon credit trading more effective, helping India reduce greenhouse gas emissions.

Key Guidelines Overview


The two new guidelines include:

Detailed Procedure for Compliance Mechanism: This explains what companies need to do to follow the rules when trading carbon credits.

Accreditation Procedure for Accredited Carbon Verification Agencies: This sets standards for agencies that check and approve carbon credits.


Purpose of the Guidelines


The goal of these guidelines is to:


Communication and Education Efforts


Vavilla Aneela, the managing director of TSREDCO (Telangana State Renewable Energy Development Corporation), announced a plan to educate people about the Carbon Credit Trading Scheme 2023. This plan includes:


Background of the Carbon Credit Trading Scheme


The Carbon Credit Trading Scheme was created under the Energy Conservation Act of 2001. Its purpose is to:


Alignment with National Climate Goals


These efforts are part of India’s larger plan to:

  • Cut the emission intensity (the amount of emissions per unit of GDP) by 45% by 2030.
  • Reach net-zero emissions by 2070.

The guidelines are a key step towards achieving these climate targets by ensuring that carbon management is done efficiently and effectively.


website: worldtopscientists.com


#CarbonCredits

 #Sustainability 

#ClimateAction

 #CarbonTrading

 #NetZero

 #EnvironmentalPolicy

 #GreenEconomy

 #CarbonFootprint

 #ESG


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