The Ministry of Environment, Forest and Climate Change has amended legally binding GHG emission intensity targets for petroleum refineries and textile units, revising baselines for seven IOC refineries and removing 2025-26 compliance targets. This creates uncertainty in India's domestic carbon market (CCTS) as industries face shifting deadlines, affecting long-term investment planning.
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1-Minute Revision
- ›Nodal Ministry: Ministry of Environment, Forest and Climate Change (MoEFCC)
- ›Scheme: Carbon Credits Trading Scheme (CCTS)
- ›Target this Data: 21 petroleum refineries covered; 173 textile units; 7 IOC refineries had baselines revised.
- ›Target this Nodal Body: Ministry of Environment, Forest and Climate Change (MoEFCC).
- ›Target this Scheme: Carbon Credits Trading Scheme (CCTS) – launched 2023.
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