India is transitioning its carbon offset ecosystem from a fragmented voluntary system to a state regulated compliance market. Driven by national decarbonization mandates and the establishment of the Indian Carbon Market (ICM), the sector is projected to grow significantly through 2034. Key growth drivers include the integration of the Perform, Achieve and Trade (PAT) scheme and the adoption of digital Measurement, Reporting, and Verification (MRV) technologies to reduce data latency and double counting risks.
