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Centre may allow overseas trading of carbon credits with other countries

India may permit the overseas trading of carbon credits linked to green hydrogen from India to incentivize industries to generate clean energy, according to Power and Renewable Energy Minister, R K Singh. India has achieved its self-determined climate action goals, known as Nationally Determined Contributions (NDC) ahead of target, with higher targets being pledged in 2022 and the aim of zero carbon emissions by 2070. ....

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Ministry of Power & Ministry of Environment, Forests & Climate Change to develop Carbon Credit Trading Scheme for Decarbonisation - New Delhi Times

The government plans to develop the Indian Carbon Market (ICM) where a national framework will be established with an objective to decarbonise the Indian economy by pricing the Green House Gas (GHG) emission through trading of the Carbon Credit Certificates. Bureau of Energy Efficiency, Ministry of Power, along with Ministry of Environment, Forest & Climate… ....

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