India Carbon Credit Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

The India Carbon Credit Market is growing significantly and the growth is driven by increasing awareness of businesses and the benefits of offsetting carbon emissions. India is one of the second largest market for carbon credits after China. In addition, the Government of India has taken several measures to promote voluntary participation in carbon trading schemes. For instance, providing tax incentives and establishing a National Clean Energy Fund. Carbon trading is an important tool to help India meet its climate change goals.In general, the India Carbon Credit market has grown rapidly in by strong government commitment to reduce greenhouse gas emissions. Further, the country works to meet its ambitious climate targets which propels the market to a great extent. However, there are several challenges faced by the market which include lack of infrastructure, inadequate legal framework, and low availability of finance for small scale players. In addition, India's reliance on c