CCTS (Carbon Credit Trading Scheme — India)

India's Carbon Credit Trading Scheme (CCTS) was established under the Energy Conservation Amendment Act 2022. It creates a compliance carbon market where designated consumers in 13 notified sectors receive carbon credit certificates (CCCs) based on GHG intensity targets set by the Bureau of Energy Efficiency (BEE). Entities exceeding their targets can sell surplus CCCs; those falling short must buy. CCTS operates alongside existing PAT scheme (Energy Saving Certificates) and Renewable Energy Certificates (RECs). MRV requirements include ISO 14064-aligned verification.