Nodal agency: Ministry of Power

Policy brief

The Ministry of Power has assigned responsibility to different government agencies for implementation of carbon credit trading scheme.

Key highlights

Steering committee

A newly constituted committee to formulate rules for implementation including determining criteria for certificate issuance, application procedure, floor and forbearance prices and sale of credits outside India

Key agencies

Administrator: Bureau of Energy Efficiency (BEE)
Regulatory body: CERC
Registry: NLDC
Trading platform: Power exchanges

Supervisor: National Steering Committee for Indian Carbon Market

BEE role

  1. Propose methodology for issuance and retirement of credits
  2. Propose emission reduction targets for obligated entities
  3. Develop standards and procedures for project registration under voluntary mechanism
  4. Specify eligibility criteria and procedure for accreditation of carbon verifiers