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India sets binding emissions targets for 282 industrial units, launching a carbon market to cut pollution and meet climate goals.
India has launched legally binding greenhouse gas emission intensity targets for 282 major industrial units in key sectors, effective 2025-26 through 2026-27, requiring reductions from a 2023-24 baseline.
Targets range from 3.4% for cement to 7.5% for chlor-alkali, enforced via a domestic carbon market under the 2022 Energy Conservation Act.
Facilities exceeding limits must buy carbon credits or pay penalties twice the average credit price, while those under targets earn tradable credits.
The move supports India’s Paris Agreement goals and prepares exporters for global carbon rules like the EU’s Carbon Border Adjustment Mechanism.
India establece objetivos de emisiones vinculantes para 282 unidades industriales, lanzando un mercado de carbono para reducir la contaminación y cumplir con los objetivos climáticos.