Centre issues revised draft emission targets for 255 iron and steel units
GS3Economy · S&T · Environment · Security· Nuclear & new energy technology· Prelims + Mains·
Why in news
The Ministry of Environment, Forest and Climate Change issued revised draft emission cut targets for 255 iron and steel units under the Carbon Credit Trading System (CCTS).
Background
The CCTS was launched in 2023 to incentivize emission reductions via a market-based mechanism. The revised draft targets 255 industrial units, including JSW Steel, Tata Steel, SAIL, and ArcelorMittal Nippon Steel, for the 2026-27 period.
Facts for Prelims
- S&TCCTS: Carbon Credit Trading System launched in 2023 to facilitate market-based emission reductions.
- FactThe draft targets 255 industrial units in the iron and steel sector.
- FactEmission targets are measured in tonnes of carbon dioxide equivalent (tCO2e).
- S&TThe CCTS aims to help India meet its national climate action goals through industrial compliance.
For Mains
Q. Discuss how market-based mechanisms like the Carbon Credit Trading System can balance industrial growth with India's commitment to achieving net-zero emissions.
Dimensions to cover in your answer
- Market-based incentive: Using carbon credits to internalize environmental externalities for heavy industries.
- Compliance monitoring: Technical challenges in accurately measuring tCO2e across diverse industrial manufacturing processes.
- Sectoral friction: Balancing the high energy intensity of the steel sector with stringent 2026-27 emission caps.
Keywords: Carbon Credit Trading System · Market-based mechanism · Decarbonization · Carbon Dioxide Equivalent · Climate Action Goals
More Science & Technology notes
- World’s Longest Hydrogen Train to Run 356 km Daily on Jind-Sonipat Section · 12 July 2026
- China's Tianwen-2 Probe Reaches Asteroid Kamo'oalewa After 1 Billion Kilometer Journey · 11 July 2026
- Rajnath Singh commissions INS Mahendragiri, India’s sixth indigenous stealth frigate with 75% local content · 11 July 2026
- New parasitic wasp Doryctes (Udamolcus) xylotrechi discovered in Kashmir · 11 July 2026
- Truecaller CEO: TRAI's whitelist decision backfired, spammers misuse 140 and 1600 number series · 10 July 2026
- Telegram and WhatsApp Face Government Scrutiny Over 'Username' Feature Amid Fraud Fears · 10 July 2026
This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.