The Carbon Credit Trading Scheme is India’s domestic compliance market under the Energy Conservation Act, initially obligating energy-intensive sectors like power, steel, and cement. These sectors have specific energy intensity reduction targets, and exceeding these targets allows firms to issue tradable carbon credit certificates. Studying it in Delhi, I see the meticulous legal architecture—but from our farm, I only see diesel pumps and water scarcity. So while the policy aims to decarbonize industry, my ground truth is that the real "carbon credit" is the marigold patch soaking up sun, unmeasured and unpaid for.
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