Emission law amendments: Laying the framework for Carbon trading market in India – Vinod Kothari Consultants

The Energy Conservation (Amendment) Bill, 2022 (“Bill”) seeks to provide a regulatory framework for carbon markets in India. The Bill was passed in the Lok Sabha on 8th August, 2022. There is still a long way to go before carbon markets are recognised in the statutory framework of India, since the Bill will also be required to be passed by the Rajya Sabha and the President’s assent thereafter.