Raghav JhunjhunwalaAIR 4 · CSE 2025 · 166 wordsTheir whole copy
Opening · a date or context
Recently, Ministry of Power released guidelines for CCTS, 2023, which was earlier framed upon sidelines of COP-26 meet.
Potential of Carbon trading:
Body · points
Putting a cap on amount of CO2 that'd be emitted: assured decarbonization.
Rewarding clean Players: credit is awarded to those who produce less Emissions.
Penalty on heavy emitters: To disincentivize Carbon Emissions, they will be forced to buy credits.
Promote R&D: Innovation would be undertaken to develop cleaner & efficient prod technologies.
market signalling to depict Demand- Supply dynamics by auction prices.
Potential Challenges
(1) In a way, Carbon credits actually allow companies to emit a particular level upto penalty.
(2) covers majorly the Industrial sectors & largely ignores other sources of Emissions.
(3) other measures like Pollution norms, Carbon fees, etc > less utilized
(4) Lack of familiarity of businesses esp. smaller ones.
Close · a summary
India aims to reduce Carbon (Emissions) Intensity of Economy by 45% (as we reach 2030; Paris commitment) Thus, CCTS is a critical step in it.