Last Update: 04/05/2026 at 2:50 PM EST
India Advances Carbon Pricing Push
Coverage from MillenniumPost, Asia Financial, and others
Articles
6
Latest Article
03/27
Active Days
33
Executive Summary
India expands carbon pricing, CCUS support and clean energy policy while surpassing its non fossil power target and cutting emissions intensity
- Union Budget 2026-27 backs CCUS with a proposed Rs 20,000 crore support framework over five years
- Budget measures also support the National Green Hydrogen Mission, renewables, bioenergy and green energy corridors
- India is expanding domestic battery manufacturing through customs duty exemptions on 63 capital goods
- The Carbon Credit Trading Scheme creates a national compliance carbon market under the Energy Conservation Amendment Act 2022
- Nine hard to abate sectors are covered, with initial targets notified for several industries and nearly 490 obligated entities
- The scheme uses compliance and offsets through the Indian Carbon Market portal and depends on strong MRV and registries
- India has already exceeded its 2030 non fossil power capacity goal and cut emission intensity by nearly 40 percent
Quick Facts
- What: Expanding carbon pricing, CCUS support and clean energy policy
- Where: Across India, with policy details announced in New Delhi
- Why: To cut emissions while preserving industrial growth and competitiveness
- Who: Indian government ministries and energy intensive industries
- When: During the 2026-27 budget cycle and 2025-26 data period
Coverage Timeline: 33 Days
Featured Article
India’s cabinet approved updated Paris Agreement NDCs in 2025, targeting a 47% emissions-intensity reduction by 2035 and expanded carbon-sink capacity through 2035.
Additional Articles
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India implements national carbon pricing framework and CCUS support through the 2026 27 budget in India.
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India approved interim 2035 climate goals for emissions intensity reduction and non-fossil power capacity, to update the Paris Agreement NDC amid concerns about ambition and absolute emissions outcomes.
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India Surpasses 50% Non-Fossil Power Target, Cuts Emission Intensity 40% Under Paris Agreement Goals
India surpasses its 2030 non fossil electricity target by 2025-26 in countrywide energy transition under the Paris Agreement.
India approved updated 2031-2035 NDC targets on March 25, expanding non-fossil power, forest carbon sinks, and cyclone, heat, and resilience measures under the Paris cycle.
Tanmay Kumar of MoEFCC outlines India's decarbonisation plan and governance reforms at WSDS 2026 in New Delhi.