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flag India sets binding emissions targets for 282 industrial units, launching a carbon market to cut pollution and meet climate goals.

flag 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. flag 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. flag Facilities exceeding limits must buy carbon credits or pay penalties twice the average credit price, while those under targets earn tradable credits. flag The move supports India’s Paris Agreement goals and prepares exporters for global carbon rules like the EU’s Carbon Border Adjustment Mechanism.

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