**Executive Summary**
On March 21, 2026, the Union Power Minister inaugurated "Prakriti 2026," a two-day international conference in New Delhi focused on carbon markets. A primary outcome was the launch of the Indian Carbon Market Portal (www.indiancarbonmarket.gov.in), a central platform for administering the national carbon market. The event aimed to mobilize carbon finance and strengthen global partnerships to meet India's climate commitments through the Carbon Credit Trading Scheme (CCTS).
**Key Points / Main Content**
**Digital Infrastructure and Administration**
* The Indian Carbon Market Portal was launched as the primary digital platform for implementing and administering the carbon market.
* The framework emphasizes "Credibility" through the use of digital Monitoring, Reporting, and Verification (MRV) technologies to ensure verifiable emission reductions.
**Carbon Credit Trading Scheme (CCTS) Status**
* The CCTS has established nine notified methodologies for carbon credit generation.
* More than 40 entities have already registered projects in sectors including biogas, hydrogen, and forestry.
* The scheme is expanding to integrate additional sectors such as buildings and cooling.
**Compliance and Energy Intensity Targets**
* Greenhouse Gas Emissions Intensity (GEI) targets have been notified for approximately 490 obligated entities.
* These targets span seven energy-intensive sectors to ensure emission reductions are credible and verifiable.
**Strategic Objectives (The Three Cs)**
* **Credibility:** Utilizing digital pathways to ensure high-integrity emission data.
* **Capital:** Channeling trillions of dollars into clean technologies, including renewables and green hydrogen.
* **Collaboration:** Leveraging Article 6 of the Paris Agreement to align with global carbon market standards.
**Impact Analysis**
**Obligated Entities (Energy-Intensive Sectors)**
**Impact**
Nearly 490 entities across seven sectors are now subject to mandatory Greenhouse Gas Emissions Intensity (GEI) targets.
**Action Required**
These entities must monitor their emissions to meet notified targets and utilize the CCTS for compliance.
**Project Developers (Biogas, Hydrogen, Forestry)**
**Impact**
Developers in these sectors now have a transparent, methodology-backed framework to register projects and earn carbon credits.
**Action Required**
Entities must register their projects through the Indian Carbon Market Portal and follow the nine notified methodologies.
**MSMEs and Farmers**
**Impact**
The carbon market is being designed to be inclusive, aiming to empower smaller players and agricultural stakeholders by providing pathways to participate in the green economy.
**Action Required**
Stakeholders should explore opportunities for carbon credit generation and adoption of clean technologies facilitated by the new portal.
**International Experts and Investors**
**Impact**
India is positioning itself as a global hub for climate solutions and high-integrity carbon trading under the Paris Agreement.
**Action Required**
Investors and policymakers are encouraged to engage in global partnerships and channel capital into India's renewable energy and green hydrogen sectors.
Key Entities Referenced
Carbon Credit Trading Scheme (CCTS): The primary regulatory framework established to facilitate carbon credit trading and define emission reduction targets across energy-intensive sectors in India.
Indian Carbon Market Portal: The central digital platform launched for implementing, administering, and ensuring the transparency of the Indian Carbon Market framework.
Prakriti 2026: The flagship international conference on carbon markets focused on unlocking carbon finance and strengthening global partnerships for climate action.
Bureau of Energy Efficiency (BEE): The nodal agency under the Ministry of Power responsible for organizing carbon market initiatives and executing energy efficiency programs.
Paris Agreement Article 6: The international climate framework referenced as a pillar for ensuring India's carbon market aligns with global collaboration and high-integrity climate pathways.
Ministry of Power
Union Power Minister Inaugurates Prakriti 2026 &
Launches Indian Carbon Market Portal,
Reinforces India’s Climate Commitments
Carbon markets positioned as drivers of innovation and
sustainable growth
Posted On: 21 MAR 2026 5:01PM by PIB Delhi
The International Conference on Carbon Markets- Prakriti 2026, the flagship event of the Government of
India, organized by the Bureau of Energy Efficiency under the patronage of the Ministry of Power and
Ministry of Environment, Forest and Climate Change, commenced today in New Delhi.The conference,
organised as part of Bharat Electricity Summit 2026, provides a high-level platform for national and
international experts, policymakers, industry leaders, researchers, and practitioners to deliberate on the
evolving dynamics of carbon markets, their role in climate action, and opportunities for India’s green
growth. This year’s theme- “Unlocking Carbon Finance for NDC Implementation through Global
Partnerships and Digital Pathways” reflects India’s focus on mobilizing finance, strengthening
cooperation, and leveraging digital innovation to accelerate climate action. During the event, the Indian
Carbon Market Portal (www.indiancarbonmarket.gov.in)- a central platform for implementing and
administering the Indian Carbon Market was launched by Shri Manohar Lal the Union Minister for Power
& Housing and Urban Affairs,Shri Shripad Naik Minister of State for Power, and other dignitaries.
Inaugurating the portal, Shri Manohar Lal, highlighted India’s leadership in advancing climate
commitments under the visionary guidance of the Prime Minister. He stated, India has demonstrated that
climate responsibility and economic development can go hand in hand. Through initiatives such as the
Carbon Credit Trading Scheme (CCTS), renewable energy expansion, and energy efficiency programmes,
India is building a transparent and credible carbon market framework that will serve as a long-term
national asset.He further noted that India has already established a transparent Carbon Credit Trading Scheme with nine
notified methodologies and over 40 registered entities submitting projects in biogas, hydrogen, and
forestry. On the compliance side, GEI targets for nearly 490 obligated entities across seven energy-
intensive sectors have been notified, ensuring emission reductions are verifiable and credible.
He urged businesses to view carbon markets not merely as a compliance requirement but as a strategic
opportunity for innovation, investment, sustainable growth, and entrepreneurship, adding that they will
serve as an economic platform to facilitate the same."
The Minister of State for Power, Shri Shripad Naik, underscored the three pillars or three Cs essential for
robust carbon markets- credibility through digital MRV for verifiable emission reductions, capital to
channel trillions into clean technologies like renewables and green hydrogen, and collaboration via Paris
Agreement Article 6. He highlighted India's rapid rise as a global renewable energy leader, alongside
energy efficiency gains and the operational Carbon Credit Trading Scheme (CCTS) 2023 with expanding
methodologies across sectors. He emphasized that these advancements show how guarded climate action
and economic growth are complementary, with carbon markets poised to drive high-integrity ambition,
empower MSMEs and farmers, and shape transparent global pathways.
The two-day conference will feature sessions on global carbon markets under the Paris Agreement
Crediting Mechanism (PACM), compliance frameworks, digital MRV technologies, carbon border
policies, integration of buildings and cooling into India’s CCTS, empowering farmers, unlocking finance
for clean technologies, and corporate climate action. Together, these sessions underscored India’s
proactive approach to shaping credible, inclusive, and globally aligned carbon markets.Prakriti 2026 reaffirms India’s emergence as a global leader in climate action. By building a carbon
market anchored in transparency, credibility, and innovation, India is not only accelerating its domestic
green transition but also shaping international pathways for sustainable growth. The conference marks a
decisive step in positioning India as a trusted hub for climate solutions and a driving force in the global
momentum towards a low-carbon future.
***
Dr Nimish Rustagi
Chief of Media and Communications
Ministry of Power
nimish.rustagi[at]nic[dot]in
NR/MD
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