Context

  • Centre notifies second round of targets to curb emissions from carbon-heavy sectors

Greenhouse Gas Emission Intensity (GEI)

  • GEI is the amount of greenhouse gases released to produce one unit of a product, such as a tonne of cement or aluminium.
  • Industries coming under the purview of GEI:
    • Carbon-intensive sectors – aluminium, cement, chlor-alkali, pulp, and paper. 
    • High-emissions sectors – petroleum refineries, petrochemical units, textile, and secondary aluminium.

Carbon Credits Trading Scheme (CCTS)

  • The Carbon Credits Trading Scheme (CCTS) is a market-based mechanism to reduce greenhouse gas (GHG) emissions by creating a national carbon market.
  • It enables industries to trade carbon credits, thereby encouraging cost-effective reductions in emissions.
  • CCTS is notified under the Energy Conservation (Amendment) Act, 2022.
  • Jointly Implemented By: 
    • Bureau of Energy Efficiency (BEE) – Ministry of Power
    • Ministry of Environment, Forest and Climate Change (MoEFCC)

Source: The Indian Express

 

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