India plans carbon credit market for energy, steel and cement
POWER & RENEWABLE ENERGY

India plans carbon credit market for energy, steel and cement

As part of its attempts to accelerate the transition to cleaner fuels, India plans to launch a carbon trading market for key emitters in the energy, steel, and cement industries.

Prime Minister Narendra Modi is expected to launch the platform at the Independence Day celebrations on August 15. It has been in the works since March, when consultations with ministries and firms began.

The market would first be limited to difficult-to-abate industries, allowing players to sell credits obtained through reducing emissions.

One of the objectives is to ensure that state-owned energy companies such as Oil & Natural Gas Corp, Indian Oil Corp, and NTPC, as well as steel and cement companies benefit from planned investments in carbon-capture projects.

At the COP26 meeting in Glasgow late last year, India, the world's third-largest emitter, startled observers by declaring a plan to attain net zero emissions by 2070. While this is a decade behind China, the South Asian economy is less developed and has larger climatic issues. As a first step toward its aim, the country intends to reduce 1 billion tonnes of emissions by 2030.

India's proposed market is similar to one in China, which implemented a required trading system for all large power plants last year. However, the market has been hampered by data collection delays and issues, resulting in only mediocre buying and selling of allowances.

As part of its climate ambitions, India plans to introduce methanol-blended fuels into land and marine transportation, create additional carbon capture projects, and stimulate the use of electric vehicles.

See also:
India to invest $20 trillion to achieve net zero by 2070
Govt’s $10-bn plan to curb emissions


As part of its attempts to accelerate the transition to cleaner fuels, India plans to launch a carbon trading market for key emitters in the energy, steel, and cement industries. Prime Minister Narendra Modi is expected to launch the platform at the Independence Day celebrations on August 15. It has been in the works since March, when consultations with ministries and firms began. The market would first be limited to difficult-to-abate industries, allowing players to sell credits obtained through reducing emissions. One of the objectives is to ensure that state-owned energy companies such as Oil & Natural Gas Corp, Indian Oil Corp, and NTPC, as well as steel and cement companies benefit from planned investments in carbon-capture projects. At the COP26 meeting in Glasgow late last year, India, the world's third-largest emitter, startled observers by declaring a plan to attain net zero emissions by 2070. While this is a decade behind China, the South Asian economy is less developed and has larger climatic issues. As a first step toward its aim, the country intends to reduce 1 billion tonnes of emissions by 2030. India's proposed market is similar to one in China, which implemented a required trading system for all large power plants last year. However, the market has been hampered by data collection delays and issues, resulting in only mediocre buying and selling of allowances. As part of its climate ambitions, India plans to introduce methanol-blended fuels into land and marine transportation, create additional carbon capture projects, and stimulate the use of electric vehicles. See also: India to invest $20 trillion to achieve net zero by 2070Govt’s $10-bn plan to curb emissions

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?