Domestic Market
The development of India’s domestic carbon market process can be outlined in four key steps to ensure efficient implementation, transparency, and alignment with the country’s climate goals. India is currently in the process of establishing a robust domestic carbon market framework to support its climate commitments and contribute to global emissions reductions.
Process & Approach
Framework Design and Policy Development
Allign with a most suitable regulatory and institutional framework for the domestic carbon market.
1
Implementation and Pilot Phase
Test the market design and build capacity for large-scale implementation.
2
Full-Scale Rollout and Market Integration
Launch the full-scale domestic carbon market with mandatory participation and enforceable regulations.
3
Monitoring, Evaluation, and Continuous Improvement
Maintain the market’s effectiveness, ensure compliance, and adapt to changing conditions.
4
Elements
India's carbon market is built around four key elements: a regulatory and policy framework that defines market rules and oversight; Emission Reduction Units (ERUs) and carbon credits, which represent verified emissions reductions that can be traded; a Monitoring, Reporting, and Verification (MRV) system ensuring transparency and accuracy in emissions tracking; and robust trading platforms and market infrastructure to facilitate the buying and selling of credits, ensuring liquidity and fair pricing. Together, these elements drive emissions reductions, support compliance with climate goals, and promote sustainable development.
GC's Value Proposition
01.
Expertise and Strategic Guidance
We provide deep technical expertise in carbon markets, sustainability, and regulatory compliance, helping clients navigate upcomig frameworks national carbon policies.
02.
Regulatory Compliance and Risk Mitigation
We help design projects that meet strict standards for Monitoring, Reporting, and Verification (MRV), ensuring credible emissions reductions and avoiding reputational risks.
03.
Project Design, Implementation, and Financing
We support the end-to-end design and implementation of carbon projects, from concept to execution, ensuring that they generate real, measurable emissions reductions.
04.
Stakeholder Engagement and Capacity Building
We engage with stakeholders, including governments, local communities, and private sector actors, ensuring smooth collaboration and alignment with local sustainable development goals.