On the occasion of World Environment Day, India organised a special event titled “Showcase of India’s Carbon Credit Trading Scheme and Standardisation in Renewable Energy” during the WTO Trade and Environment Week 2026 in Geneva.
The event highlighted India’s efforts towards sustainable development, clean energy transition and the achievement of its Nationally Determined Contributions (NDCs) under the Paris Agreement. Senior officials and experts from the Ministry of Environment, Forest and Climate Change (MoEFCC), Bureau of Energy Efficiency (BEE), Ministry of Power and Ministry of New and Renewable Energy (MNRE) presented key policy and regulatory initiatives supporting India’s transition to a low-carbon economy.
During the session, India showcased its climate action achievements, carbon market framework and environmental sustainability initiatives. Officials noted that as of March 2026, non-fossil fuel sources accounted for 53.21% of India’s installed electricity generation capacity, surpassing the country’s target of 50% by 2030 nearly five years ahead of schedule.
The presentation also highlighted that India’s emissions intensity of GDP declined by 37.38% between 2005 and 2022, exceeding its NDC target of a 33–35% reduction by 2030 ahead of the stipulated timeline.
India further outlined the development of its national carbon market architecture under the Carbon Credit Trading Scheme (CCTS), which aims to establish a national electronic carbon credit trading platform and use market-based mechanisms to encourage greenhouse gas emission reductions.
Progress under the National Green Hydrogen Mission was also showcased, including the notification of emission thresholds and technical criteria for classifying hydrogen as “Green Hydrogen”. The standards are intended to provide greater transparency and certainty for producers, investors and consumers while supporting the growth of India’s green hydrogen ecosystem.
Earlier, during WTO Trade and Environment Week, India and Japan held discussions on transparency and unilateral trade-related climate measures, examining challenges faced by countries with limited capacities in complying with emerging environmental and trade requirements.
India stated that its participation in the WTO forum provided an opportunity to share its experience in balancing economic growth, energy access and environmental sustainability, while contributing to global discussions on trade, carbon markets and climate action.