The Centre for Science and Environment (CSE) has released a detailed report titled “The Indian Carbon Market: Pathways towards an effective mechanism.” This report provides a comprehensive roadmap for the successful implementation of India’s upcoming carbon market. Here are some key highlights: Transition from PAT to ICM The report discusses the transition from the existing Perform, Achieve and Trade (PAT) scheme to the Indian Carbon Market (ICM). The PAT scheme, while well-intentioned, faced several challenges in implementation, leading to only marginal emissions reductions. The ICM aims to address these issues and accelerate emissions reduction, especially in hard-to-abate sectors. Key Recommendations…