PARIVARTAN Scheme: Delhi NCR Truck and Bus Replacement Rules
The Centre’s ₹9,585 crore PARIVARTAN scheme aims to replace older commercial trucks and buses across Delhi NCR with cleaner vehicles. However, the benefits available to an owner depend on the several factors, including the vehicle’s emission norm and registration location, how it exits the scheme, whether the replacement is new or used and runs on […]
Vehicle Circularity Passport
The vehicle circularity passport, formally the Digital Circularity Vehicle Passport, is a digital record introduced by the EU End-of-Life Vehicles Regulation (EU) 2026/1738. It becomes mandatory for vehicles placed on the EU market from 1 September 2032. It carries circular-economy information about the vehicle, including material composition, recycled content and instructions for removing and replacing […]
What Is WLTP
WLTP stands for Worldwide Harmonised Light Vehicle Test Procedure, a laboratory testing standard used to measure a vehicle’s fuel consumption, pollutant emissions, carbon dioxide output and electric driving range. The test is conducted on a chassis dynamometer under defined driving phases and accounts for factors such as vehicle weight, aerodynamics and optional equipment. In India, […]
What Are High-Quality Carbon Credits?
High-quality carbon credits represent verified reductions or removals of greenhouse gas (GHG) emissions that meet established environmental integrity standards. These credits originate from climate mitigation projects that either prevent emissions or actively remove carbon dioxide from the atmosphere. To qualify as high quality, a carbon credit must prove that its impact is real, measurable, additional, […]
What Is Voluntary Carbon Market
A growing number of organizations worldwide are choosing to go beyond legal requirements and take direct responsibility for their carbon footprint. The voluntary carbon market (VCM) is the mechanism that makes this possible. Contrary to how compliance carbon markets operate under government regulations, the voluntary carbon market allows participants to take proactive climate action beyond […]
Compliance vs Voluntary Carbon Market
Carbon markets have become an important mechanism for reducing greenhouse gas emissions and supporting global climate action. These markets create systems through which emissions, emission reductions, and removals resulting from various greenhouse gas (GHG) mitigation activities can be assigned an economic value and, depending on the market, traded through defined mechanisms. Verified emission reductions or […]
What Is Third-Party Auditing in Carbon Markets?
Carbon markets rely on a basic principle: if a project claims to have reduced or removed a certain amount of greenhouse gas emissions, there must be a reliable way to assess whether that claim is credible. This is where third-party auditing comes in. Third-party auditing is the independent assessment of a carbon project by accredited […]
Indian Carbon Market (ICM) and Article 6: Understanding India’s Domestic and Global Carbon Market Framework
As countries around the world accelerate their climate action, carbon markets are becoming an important tool to reduce greenhouse gas (GHG) emissions while supporting sustainable economic growth. Through the Indian Carbon Market (ICM), the country aims to encourage industries and project developers to reduce emissions and contribute towards India’s climate commitments. At the same time, […]
What Are Carbon Credit Standards?
Carbon credit standards are frameworks that ensure carbon reduction,avoidance or removal projects generate credible and measurable climate benefits. These standards define the rules, methodologies, and verification processes used to quantify the greenhouse gas emission reductions or removals. By establishing consistent guidelines, carbon credit standards help ensure that carbon credits represent real, additional, and permanent climate […]
ITMOs and NDCs Under Article 6: How Countries Cooperate to Meet Climate Goals
Climate change is a global challenge, but not every country has the same capacity to reduce greenhouse gas emissions. While some nations can deploy renewable energy or clean technologies quickly, others may face financial, technological, or developmental constraints. Recognizing this, the Paris Agreement introduced a framework that allows countries to cooperate in achieving their climate […]