The Centre has released a revised draft notification proposing fresh greenhouse gas emission intensity (GEI) reduction targets for 255 iron and steel units under India's Carbon Credit Trading System (CCTS). The draft covers major producers and sets 2026-27 as the compliance year, while inviting public feedback and objections within 60 days.
The revised draft makes minor changes to the earlier proposal issued in 2025, though no reason has been provided for the fresh notification. Industries that meet or exceed their emission targets will earn tradable carbon credits, while those falling short will face environmental compensation, supporting India's broader climate commitments.
Reference: The Indian Express