Energy Conservation (Amendment) Bill envisages provision to develop India’s own carbon trading market – EQ Mag
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The Parliament has passed the Energy Conservation (Amendment) Bill, 2022 and the same has come into effect from 1st January, 2023. This includes provisions to “Specify the carbon credit trading scheme”. Design of carbon trading scheme is to be prescribed through Rules after consideration of all relevant aspects, including transition of existing schemes of tradable certificates to single national framework. Any registered entity, in accordance with these Rules, shall be entitled to purchase or sell the carbon credit certificate.
This information was given by Shri R.K Singh Union Minister for Power and MNRE in a written reply in Lok Sabha today.
