https://www.taxtmi.com/article/detailed?id=11618 The Carbon Credit Trading Scheme 2023 creates a national carbon market under a cap and trade model. A National Steering Committee will set procedures, targets, and guidelines for issuance, cross-border trading, crediting periods and monitoring. The Bureau will administer sector identification, target trajectories, issuance of carbon credit certificates, market stability measures, accreditation of verification agencies, data formats and capacity building. The Central Electricity Regulatory Committee will provide trading regulation and market oversight, while the Ministry of Power will determine the compliance mechanism. Emission allowances are allocated within a declining cap and may be traded among entities. en-us Tue, 18 Jul 2023 08:16:30 +0530 Tue, 18 Jul 2023 08:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11618 The Carbon Credit Trading Scheme 2023 creates a national carbon market under a cap and trade model. A National Steering Committee will set procedures, targets, and guidelines for issuance, cross-border trading, crediting periods and monitoring. The Bureau will administer sector identification, target trajectories, issuance of carbon credit certificates, market stability measures, accreditation of verification agencies, data formats and capacity building. The Central Electricity Regulatory Committee will provide trading regulation and market oversight, while the Ministry of Power will determine the compliance mechanism. Emission allowances are allocated within a declining cap and may be traded among entities. Articles Other Topics Tue, 18 Jul 2023 08:16:30 +0530 https://www.taxtmi.com/article/detailed?id=11618