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India’s commitment to climate goals through its Nationally Determined Contributions (NDCs) has led to the establishment of the Indian Carbon Market (ICM). Under the Carbon Credit Trading Scheme (CCTS) 2023, obligated entities must comply with specified Greenhouse Gas (GHG) emission intensity targets, and earn, purchase, or trade Carbon Credit Certificates (CCCs) accordingly.
Our Carbon Compliance Services are designed for a wide range of stakeholders operating under India’s evolving environmental regulations and sustainability goals. Whether you are a regulated industry under the Carbon Credit Trading Scheme or a business looking to voluntarily reduce your carbon footprint, our end-to-end support ensures you stay compliant, efficient, and future-ready.
1. Designated Consumers under the Energy Conservation Act, 2001
Organizations officially recognized as “Designated Consumers” by the Bureau of Energy Efficiency (BEE) are mandated to monitor and reduce their energy consumption and GHG emissions. These entities are required to comply with the targets set under the Carbon Credit Trading Scheme (CCTS) and report their performance annually. We assist these entities with registration, monitoring, reporting, verification, and credit trading under the Indian Carbon Market framework.
2. Entities Exceeding GHG Emission Thresholds
Any business or facility emitting greenhouse gases (GHGs) beyond the notified emission intensity limits may fall under regulatory oversight. Such entities must reduce emissions or purchase carbon credit certificates to offset their excess. We provide technical guidance and compliance support to help these organizations meet their emission targets and avoid penalties.
3. Industries from High-Emission Sectors
Our services are especially relevant for industries operating in energy-intensive sectors, including but not limited to: Cement and Construction Materials, Iron & Steel Manufacturing, Aluminum and Non-Ferrous Metals, Fertilizer and Chemical Processing, Petrochemical and Refining Units, Pulp & Paper, Textiles, and Glass. These sectors are typically subject to strict emission norms and are among the first to be integrated into India’s compliance carbon market.
4. Voluntary Participants and Sustainability-Focused Companies
Beyond compliance, businesses aiming to demonstrate leadership in sustainability or meet ESG (Environmental, Social, and Governance) goals can voluntarily participate in the Indian Carbon Market. We assist:
1. Check Eligibility
Entities notified as Designated Consumers under the Energy Conservation Act or those exceeding GHG limits must register under CCTS.
2. Prepare a GHG Monitoring Plan
A detailed monitoring plan outlining emission sources, fuel use, sampling, and calculation methods is required before registration.
3. Register with BEE
Submit organizational and baseline emission data to the Bureau of Energy Efficiency (BEE) for approval.
4. Register on the ICM Registry
Create an account on the Indian Carbon Market (ICM) Registry by submitting documentation and paying the prescribed fees. Receive a Certificate of Registration upon approval.
5. Trade Carbon Credits
Once registered, entities can earn, trade, or purchase Carbon Credit Certificates (CCCs) on recognized exchanges.
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