IEEFA.org 179d ago

India has taken a pivotal step in launching its Carbon Credit Trading Scheme (CCTS), laying the foundation for one of the world’s most significant emerging carbon markets. As India prepares for compliance in 2026, the design choices made now will determine whether the CCTS matures into a credible, investment-grade instrument that supports long-term decarbonisation and industrial competitiveness. This webinar examines why early market stability mechanisms are critical in a baseline-and-credit system, drawing on global experience from major emissions trading systems that faced surplus accumulation, weak price signals, and costly mid-course corrections when stability tools were delayed. It explores a proposed Price or Supply Adjustment Mechanism (PSAM), outlined in a joint IEEFA-EDF study, tailored to India’s institutional context and built around consignment auctions, vintage-based rules, and a price corridor to manage supply-demand imbalances and anchor price expectations. Bringing together global practitioners, regulators, economists, and market architects, the discussion situates India’s carbon market choices within international best practice and offers practical insights on design, timing, and implementation pathways as India works to build a resilient, trusted, and forward-looking carbon market.