National Energy Conservation Day, observed on 14 December, underscores the importance of efficient and responsible energy use in India’s development journey. Through initiatives such as CCTS, PAT, UJALA, PM Surya Ghar, energy-efficient building codes, and behavioural programmes like LiFE, India is reducing energy wastage, strengthening energy security, and advancing its clean-energy and climate goals.
Click to View MoreIndia’s carbon credit market, guided by the Carbon Credit Trading Scheme (CCTS) 2023, aims to accelerate the country’s transition toward a low-carbon economy and meet its Net Zero 2070 goal. The market allows entities to trade verified emission reductions through renewable energy, afforestation, and sustainable farming projects. However, challenges such as weak verification systems, limited domestic demand, inequitable benefit-sharing, and risks of land displacement persist. Strengthening monitoring, reporting, and verification (MRV), ensuring community participation, and improving regulatory transparency are essential for building a fair, credible, and effective carbon market that supports inclusive climate action.
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