India gets ready to launch a national carbon market
20 Oct 2022

The Indian government has green-lighted the creation of a national carbon market that will be key to decarbonising heavy industry and helping shape international carbon trading.
As part of its updated commitment under the Paris Agreement, the country aims for non-fossil fuels – solar and wind but also large hydro, which until recently was not classified as renewable due to its environmental impacts, and biomass – to make up 50% of its power generation capacity by the end of the decade. Yet India is struggling to dial back its dependence on fossil fuels, with coal still providing around 70% of total power generation.
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