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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Green Initiatives

Under India's Carbon Credit Trading Scheme framework, which entity is the national authority responsible for the scheme's governance, with the Bureau of Energy Efficiency as the administrator, and what does a Carbon Credit Certificate represent?

The scheme is notified by the Central Government through the Ministry of Power under the Energy Conservation Act, with the Bureau of Energy Efficiency as administrator. Each Carbon Credit Certificate represents one tonne of CO2 equivalent reduced, avoided or removed.

  1. AMinistry of Corporate Affairs; one tonne of CO2 removed from a company's balance sheet
  2. BCentral Government (Ministry of Power), with BEE as administrator; one tonne of CO2e reduced or avoidedCorrect
  3. CSEBI as regulator; one share of a green company
  4. DRBI as regulator; one rupee of green investment

Explanation

India's Carbon Credit Trading Scheme was notified under the Energy Conservation Act, 2001 by the Central Government on the Ministry of Power side, with the Bureau of Energy Efficiency as administrator. One Carbon Credit Certificate represents one tonne of CO2 equivalent reduced, avoided or removed. SEBI and RBI are not the scheme regulators.

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