India presented its Carbon Credit Trading Scheme (CCTS) at the WTO Trade and Environment Week in Geneva on World Environment Day. The event highlighted India's progress on climate goals, including a 53.21% share of non-fossil fuel electricity capacity by March 2026, five years ahead of its 2030 target. Emissions intensity fell 37.38% from 2005 to 2022, surpassing the NDC target of 33-35% reduction. The session covered India's national carbon market framework under CCTS, which aims to create an electronic trading platform and use market incentives for emission reductions. Officials also discussed green hydrogen standards and certification frameworks for renewable energy. The event served as a platform for India to share its policy approach and engage on trade and climate issues with other WTO members.
