Next steps on carbon

Govt must move fast on emission trading

One of the final Bills passed by the Lok Sabha during the Monsoon Session of Parliament was the Energy Conservation (Amendment) Bill, 2022. To this legislation there are various aspects that are of interest, but the most important development of those in the law is perhaps the proposal for a carbon market in India that could lead to emission trading and reduction. In particular, the law would allow the Union government to delineate a mechanism for trading carbon credits as well as give it the power to issue emission or carbon certificates that might subsequently be traded. Such legal backing