<span style="color: #222222;">The Ministry of Power and Ministry of Environment will develop Carbon Credit Trading Scheme for Decarbonisation. Government plans to develop the Indian Carbon Market with the objective to decarbonize the Indian economy by pricing the Green House Gas emission through trading of Carbon Credit Certificates. The Bureau of Energy Efficiency, Ministry of Power, along with Environment Ministry are developing the Carbon Credit Trading Scheme for this purpose. A one-day Stakeholder Consultation was organized in New Delhi today with participants drawn from key stakeholders including Accredited Energy Auditors, Carbon/Energy Verifiers, and Sector Experts.<br />''<br />''Speaking on the occasion, DG BEE, Abhay Bakre said the Indian Carbon Market will enable the creation of a competitive market that can provide incentives to climate actors to adopt low-cost options. He added that it can be a vehicle for mobilizing a significant portion of investments required by Indian economy to transition toward low-carbon pathways.<br />''<br />''India has been at the forefront of climate action to meet climate goals through its ambitious Nationally Determined Contributions. By accelerating the transition to a low carbon economy, Indian Carbon Market will help achieve the NDC goal of reducing Emissions Intensity of the GDP by 45 percent by 2030 against 2005 levels.</span><br />