कार्बन क्रेडिट ट्रेडिंग स्कीम (CCTS) 2023 की प्रमुख विशेषताओं का परीक्षण कीजिए। भारत में ग्रीनहाउस गैस उत्सर्जन को कम करने की इसकी संभावनाएं कीजिए। Examine the key features of the Carbon Credit Trading Scheme (CCTS) 2023. Analyze its potential for mitigating greenhouse gas emissions in India.

According to UNEP, the temperature has risen by 1.2°C due to greenhouse gas emissions and may cross 1.5°C by end of this decade.

Carbon Credit Trading Scheme (CCTS) 2023 has been launched in India to mitigate the emissions.

Key features:

[A diagram showing:

Based on principle of Perform, Achieve, Trade.

Potential for mitigating the greenhouse gas emissions :

i) Incentivizes the usage of renewable energy by the company.

ii) Adoption of processes that leads to less emission.

iii) Use of technology such as carbon capture and storage (CCS) to reduce emissions.

iv) Make the manufacturing more green.

However, there are challenges in its implementation:

Carbon Trading that was first proposed in Kyoto Protocol is being implemented in the country helping to achieve the goal of Net zero carbon emissions by 2070.