Govt moots emission reduction targets for energy-guzzling companies

Proposes greenhouse gas reduction via carbon trading or sector-wise firm targets

For the first time, India is looking to introduce a compliance mechanism aimed at reducing greenhouse gas (GHG) emissions across four of the country’s most energy-intensive industrial sectors – aluminium, cement, chlor-alkali, and pulp & paper. The draft proposal seeks emission cuts through either carbon-credit trading or by setting company-specific emission reduction targets within each sector.

 

The draft outlines a schedule of emission intensity reductions for over 130 industrial entities, including major players like Vedanta, Hindalco, Nalco, UltraTech, ACC, Ambuja, Dalmia, and JSW Cement.

 

In a Gazette draft notification, the Ministry of Environment, Forest and Climate Change (MoEFCC)