GHG Accounting
& Carbon Credits
Navigate India's emerging Indian Carbon Market (ICM) with confidence. From emissions inventory to tradable Carbon Credit Certificates — ICE&SDGs is your end-to-end expert partner.
740+
Industrial entities under India's CCTS mandate
700 Mt
CO₂e to be covered by India's carbon market
2070
India's Net-Zero target aligned with Paris Agreement
India's Carbon Market:
A Historic Shift
India has crossed a decisive threshold. The nation is now building one of the world's largest emerging carbon markets — and every business operating in India must be prepared.
The Carbon Credit Trading Scheme (CCTS), 2023 — enacted by India's Ministry of Power under the Energy Conservation Amendment Act, 2022 — marks a paradigm shift in how Indian industry accounts for, manages and monetises greenhouse gas emissions. It is no longer just a compliance requirement; it is a strategic financial opportunity.
The scheme establishes the Indian Carbon Market (ICM), a structured marketplace where Carbon Credit Certificates (CCCs) — each representing one tonne of CO₂ equivalent avoided or removed — can be earned, traded and leveraged. India has registered the second highest number of CDM projects globally, indicating deep sectoral readiness for this transition.
With CCC trading expected to launch on India's power exchanges by mid-2026, and with the Bureau of Energy Efficiency (BEE) as administrator and CERC regulating the market, industries must act now — before competitive advantage is lost.
The opportunity is twofold: Obligated entities can earn tradable CCCs by outperforming their emissions intensity targets. Non-obligated entities can voluntarily register offset projects — in renewable energy, green hydrogen, landfill gas recovery, mangrove afforestation, compressed biogas, and more — and receive CCCs on the voluntary market.
Compliance Mechanism
Mandatory for 740+ entities across 9 energy-intensive sectors. Legally binding GHG intensity targets from FY2026. Earn CCCs by outperforming targets.
Offset / Voluntary Mechanism
Open to any entity. Register GHG reduction, removal or avoidance projects. Earn tradable CCCs on India's voluntary carbon market.
MRV Framework
BEE's Monitoring, Reporting & Verification guidelines (July 2024) require annual gate-to-gate GHG monitoring covering Scope 1 & 2 emissions.
PAT to CCTS Transition
Seven sectors successfully transitioned from Perform-Achieve-Trade (PAT) to CCTS from FY2026. ICE&SDGs guides you through every step of this shift.
India's Carbon Policy Ecosystem
A suite of interlocking policies creates both obligations and opportunities for Indian enterprises. ICE&SDGs decodes every layer for you.
Carbon Credit Trading Scheme (CCTS) 2023
India's foundational carbon market framework notified on 28 June 2023 under the Energy Conservation Act. Establishes the Indian Carbon Market (ICM) with two pillars: compliance and offset. BEE accredits verification agencies; CERC regulates trading on power exchanges. First CCC trading expected mid-2026.
Energy Conservation Amendment Act, 2022
The enabling legislation empowering the Central Government to specify a carbon credit trading scheme. This landmark amendment created the legal basis for the Indian Carbon Market and provided BEE with authority to set GHG emission targets for energy-intensive industries.
MRV Framework & Offset Methodology
Detailed Compliance Procedure and Offset Mechanism Procedures provide the operational architecture for monitoring, reporting and verification.
Paris Agreement Alignment
India's updated NDC commits to reducing emissions intensity of GDP by 45% by 2030 and achieving 50% of cumulative electric power from non-fossil sources.
PAT Scheme Legacy & Transition
India's Perform, Achieve and Trade (PAT) scheme saved over 106 million tonnes of CO₂ since 2015, building the compliance capacity for the ICM.
Article 6.4 Mechanism
India is engaging with the Paris Agreement's Article 6.4 international crediting mechanism. Eligible projects create pathways for internationally tradable credits.
What ICE&SDGs Delivers
End-to-end GHG accounting and carbon credit services, from baseline measurement to monetisation — executed by internationally certified experts.
01. GHG Inventory & Emissions Accounting
Comprehensive greenhouse gas inventories aligned with ISO 14064 standards and BEE's MRV framework. We map your Scope 1, Scope 2 and Scope 3 emissions across all facilities using a gate-to-gate approach. Outputs are audit-ready and CCTS-compliant.
ISO 14064 Scope 1,2,3 BEE MRV02. CCTS Compliance Advisory
We guide obligated entities through registration on the ICM Registry, emissions intensity target interpretation, compliance planning, and CCC issuance procedures. From baseline setting to annual verification coordination.
ICM Registration CCC Issuance03. Carbon Credit Project Development
For non-obligated entities, we identify, design and register eligible offset projects under the CCTS Offset Mechanism including renewable energy, biogas, green hydrogen, mangrove afforestation and energy efficiency.
Offset PDD Verification04. Carbon Credit Strategy & Trading Support
We help organisations develop a comprehensive carbon credit strategy — whether to hold, trade or retire CCCs. We advise on timing, pricing benchmarks and ESG integration.
CCC Trading Carbon StrategyBegin Your Carbon Calculator Transformation
Carbon Calculator empowers organisations to measure, monitor, and manage their carbon footprint through a data-driven sustainability approach. Partner with ICE&SDGs to enhance environmental performance, support net-zero goals, and strengthen your position as a globally responsible and climate-conscious organisation.
Access Carbon CalculatorSix Steps to Carbon Market Readiness
1. Diagnostic Assessment
We audit your current emissions data, identify gaps, and determine your CCTS category: obligated or voluntary.
2. GHG Baseline & Inventory
ISO 14064-compliant GHG inventory built for all facilities — audit-ready and aligned with BEE's monitoring template.
3. Strategy Design
Compliance plan or offset project strategy developed, with abatement options ranked by cost-effectiveness.
4. ICM Registration
Entity registered on the ICM Registry with required authorities — CCC issuance-ready.
5. Verification & CCC Issuance
Third-party verification coordinated with accredited agencies. Carbon Credit Certificates issued and recorded.
6. Reporting & Trading
CCCs integrated into ESG/BRSR reports. Trading strategy executed. Annual monitoring cycle continues.
Why Carbon Accounting Pays Off
GHG accounting and carbon credits are no longer just a compliance cost. When done right, they deliver strategic value across your entire business.
💰 Generate New Revenue Streams
Entities that outperform their GHG intensity targets earn tradable CCCs — a genuine financial asset. ICE&SDGs helps you maximise your CCC generation and monetise it.
📋 Achieve Regulatory Compliance
Avoid penalties and reputational risk under India's legally binding CCTS framework. Proactive compliance is the only viable strategy.
📈 Elevate ESG & BRSR Ratings
Verified GHG data, ISO 14064 certification and carbon credit participation strengthen ESG scores and sustainability disclosures.
🌍 Align with India's Net-Zero Goal
Position your organisation as a leader in India's climate transition and contribute towards India's 2070 net-zero trajectory.
🔗 CSR & Governance Alignment
GHG reduction projects and carbon initiatives can deliver measurable environmental and social co-benefits.
🌐 Access Global Carbon Markets
India's alignment with Article 6.4 opens pathways to internationally tradable carbon credits.
Why ICE&SDGs is Your Trusted Carbon Expert
The Global Institute for Circular Economy and Sustainable Development Goals (ICE&SDGs) is not a newcomer to climate advisory. We have been at the intersection of policy, industry and sustainability science for over a decade.
Our expertise in ISO 14064 GHG Accounting, Life Cycle Assessment (ISO 14040/44), ESG advisory, and BRSR reporting — combined with deep knowledge of India's evolving CCTS framework — makes us India's premier GHG Accounting and Carbon Credits partner.
UNIDO Expert NITI Aayog NASDAQ- ISO 14064 GHG Accounting advisory and preparation
- ISO 14040 & 14044 Life Cycle Assessment services
- Deep familiarity with India's CCTS, PAT scheme and BEE MRV framework
- International sustainability network and climate expertise
- Consulting-based training for internal GHG accounting capacity
- ESG and BRSR report preparation integration
- Global expertise delivered locally
Ready to Turn Your Emissions Into Assets?
Whether you are an obligated entity facing CCTS compliance or a company seeking voluntary carbon market participation — ICE&SDGs is your guide.
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