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    <title>India Notifies the Greenhouse Gases Emission Intensity Target Rules, 2025: A Major Step in Operationalising the Carbon Market.</title>
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    <description>The Rules notify emission intensity targets for obligated entities and prescribe compliance obligations including meeting targets, following the Scheme procedures, registering in the carbon market, submitting documentation (with baseline deeming for non submission), and addressing shortfalls by surrendering banked credits or purchasing certificates. They set formulas for issuance and purchase based on the intensity shortfall or outperformance multiplied by units of output, permit banking of credits, designate the Bureau to issue certificates and determine average traded prices, and impose an environmental compensation calculated at twice the average traded price, subject to procedural safeguards and directed utilisation of collected funds for the Scheme.</description>
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