Carbon Credit trading Scheme (CCTS) has been launched by MOEFCC at COP 28 UAC
Introduction
Carbon Credit trading Scheme CCTS has been launched by MOEFCC at COP 28 UAC
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Main Body
Key features: (1) Credits will be provided for demonstrably fixed balance (2) Credits available to all organizations, except only business industries earlier in PAT etc (3) Credits will be ordered based on carbon products and exhibited sales (4) Government aided and supported program under the purview of MOEFCC Potential for mitigating GHG: Yes: (1) Adoption of renewable energy by households, human can does (2) Half de-carbonize the heavy industries & transport (3) Adopt new technology like green infra, gaseconomy No: (1) Need proper managed GHG: (1) Need proper investment (2) Difficulties in qualification ie credit for & barely planters (3) Predictions issues can lead to fraud
Yes: (1) Adoption of renewable energy by households, human can does (2) Half de-carbonize the heavy industries & transport (3) Adopt new technology like green infra, gaseconomy No: (1) Need proper managed GHG (2) Difficulties in qualification ie credit for & barely planters area? (3) Predictions issues can lead to fraud The scheme is a game changer. If placed well it can serve new Mission LIFE and Self achieve the sustainable goals by 2030
Conclusion
The scheme is a game changer. If placed well it can serve new Mission LIFE and Self achieve the sustainable goals by 2030
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Madhav Agarwal
Government Policies and Interventions - Design, Implementation and Issues
Government Schemes and Policies
Carbon Credit and Climate Finance
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analytical
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