What is the Indian context of carbon credits?

In the Indian context, carbon credits refer to the government's efforts to reduce greenhouse gas emissions. The country has taken significant measures to combat climate change and is actively involved in various international agreements and initiatives. The Clean Development Mechanism (CDM) under the Kyoto Protocol allows Indian companies to earn carbon credits by implementing sustainable projects that reduce emissions. These credits can be traded globally and can provide a financial incentive for companies to adopt cleaner technologies and practices. The Indian government has also implemented domestic programs like the Perform, Achieve, and Trade (PAT) scheme, which sets energy efficiency targets for industries and allows them to trade the excess achieved energy savings as carbon credits. Overall, the Indian context of carbon credits revolves around incentivizing emission reduction measures and promoting sustainable development.

This mind map was published on 20 November 2023 and has been viewed 46 times.