Tag: carbon credits
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India’s new Carbon Market Rules
(paraphrased from press articles and research) Summary The Ministry of Power released a draft of the Carbon Credit Trading Scheme (CCTS), establishing the institutional framework and mechanisms for the functioning of the Indian carbon credit market. The scheme was introduced through the Energy Conservation (Amendment) Bill, 2022, empowering the central government to specify such a scheme. The…
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Global Warming
Global emissions of carbon dioxide, methane, nitrous oxide and other gases have increased rapidly over the past century, and particularly over the last 50 years. CO2 causes global warming by trapping heat in the Earth’s atmosphere, leading to a rise in temperatures that can have far-reaching effects on climate patterns and ecosystems around the world.…