With reference to the Carbon Credit Trading Scheme (CCTS) in India, consider the following statements: 1. The CCTS issues Carbon Credit Certificates (CCC), each representing a reduction of one tonne of CO₂ equivalent (tCO₂e). 2. The scheme includes both a compliance mechanism for mandatory sectors and an offset mechanism for voluntary participants. 3. The power sector is currently covered under the scheme. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation:

Under the CCTS, each Carbon Credit Certificate (CCC) represents a reduction of one tonne of CO₂ equivalent (tCO₂e).
The scheme operates through two mechanisms — a compliance mechanism for mandatory emission reduction targets in energy-intensive industries, and an offset mechanism for voluntary participants.
Although the power sector contributes around 40% of India’s GHG emissions, it is not yet included in the current phase of the CCTS.