Q. 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?
Quarterly-SFG-Jan-to-March
Red Book

[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.

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