India Presents Carbon Credit Trading Scheme at WTO Climate Discussions
businessnewsthisweek.comIndia presented its Carbon Credit Trading Scheme at the World Trade Organization's Trade and Environment Week. The scheme aims to create a domestic carbon market where industries can trade credits to meet emission reduction targets. It is designed to encourage cleaner production and investment in renewable energy while supporting economic growth. The presentation at the WTO signals India's growing role in global climate governance. The scheme is part of India's broader strategy to meet international climate commitments using market-based instruments. It is expected to help sectors find cost-effective ways to cut emissions and attract investment in clean technologies.