Government of India has notified the Carbon Credit Trading Scheme (CCTS) on 28th June 2023 under Energy Conservation (Amendment) Act, 2022.
CCTS has two mechanisms namely, compliance mechanism and offset mechanism.
The Indian government provides technical assistance to states for developing carbon credit mechanisms through various initiatives and bodies, including the Bureau of Energy Efficiency (BEE) and the National Steering Committee for the Indian Carbon Market (NSCICM).
However, under CCTS no technical assistance have been given to Tamil Nadu or any other states.
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