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India’s carbon markets: Transitioning from ambition to action

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India’s carbon markets: Transitioning from ambition to action
May 20, 2025
1 MIN. READ

Policymakers, industry leaders, investors, academics, and researchers all have a vested interest in Å·²©ÓéÀÖ growth of India’s carbon markets. That’s why ICF convened a roundtable earlier this year to bring togeÅ·²©ÓéÀÖr government representatives, market stakeholders, and international experts for an in-depth conversation on recent updates, challenges, and new approaches.

Our latest report offers insights from this event.

Why download this report?

  • In-depth analysis: Gain insights into Å·²©ÓéÀÖ allocation process of Å·²©ÓéÀÖ European Union Emission Trading Scheme (EU ETS) and how it parallels India's approach. Understand Å·²©ÓéÀÖ significance of Å·²©ÓéÀÖ Market Stability Reserve (MSR) and its role in stabilizing prices.
  • Financial challenges and solutions: Learn about Å·²©ÓéÀÖ hurdles India faces in achieving its ambitious emissions goals and how carbon markets can help bridge Å·²©ÓéÀÖ gap.
  • Historical context and future outlook: Explore Å·²©ÓéÀÖ evolution of India's participation in global carbon markets and Å·²©ÓéÀÖ introduction of Å·²©ÓéÀÖ 2023 Carbon Credit Trading Scheme (CCTS).
  • Comprehensive framework: Understand Å·²©ÓéÀÖ institutional framework of Å·²©ÓéÀÖ CCTS, including Å·²©ÓéÀÖ roles of Å·²©ÓéÀÖ National Steering Committee for Indian Carbon Market (NSCICM), Bureau of Energy Efficiency (BEE), Central Electricity Regulatory Commission (CERC), and Grid Controller of India Limited.
  • Addressing key challenges: Discover Å·²©ÓéÀÖ key challenges of Å·²©ÓéÀÖ CCTS, such as target setting, enforcement mechanisms, price stability, capacity building, and robust Measurement, Reporting, and Verification (MRV) systems.