UPDATE – Minister says India will not export carbon credits as parliament passes crucial bill

Published 04:12 on August 9, 2022  /  Last updated at 19:28 on August 9, 2022  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

As the Indian parliament on Monday evening passed the bill establishing a domestic voluntary carbon market, Energy Minister Raj Kumar Singh said carbon credits will not be eligible for exports, but did not specify if the restrictions were limited to offsets generated under the new mechanism.

(Updates with reaction from leading market participants, prices)

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.