India took a significant step toward strengthening its climate action framework with the inauguration of Prakriti 2026 and the launch of the Indian Carbon Market Portal during the Bharat Electricity Summit 2026.
The international conference, organised by the Bureau of Energy Efficiency under the patronage of the Ministry of Power and the Ministry of Environment, Forest and Climate Change, brought together global experts, policymakers, industry leaders, and researchers to deliberate on the evolving role of carbon markets in climate action and green growth.
Carbon Market Portal Launched
The Indian Carbon Market Portal was formally launched by Manohar Lal, alongside Shripad Naik and other dignitaries. The platform will serve as a central mechanism for implementing and administering India’s carbon market ecosystem.
Addressing the gathering, Manohar Lal highlighted India’s commitment to aligning climate responsibility with economic development. He noted that initiatives such as the Carbon Credit Trading Scheme (CCTS), renewable energy expansion, and energy efficiency programmes are laying the foundation for a transparent and credible carbon market framework.
He further stated that India has already operationalised key elements of the CCTS, including multiple methodologies and participation from entities across sectors such as biogas, hydrogen, and forestry, while compliance targets have been notified for hundreds of energy-intensive entities.
Carbon Markets as Growth Drivers
Emphasising the strategic role of carbon markets, the Minister urged businesses to view them not merely as compliance tools but as drivers of innovation, investment, and sustainable growth.
Echoing this, Shripad Naik outlined the three critical pillars for robust carbon markets—credibility, capital, and collaboration—highlighting the importance of digital monitoring systems, investment mobilisation, and global cooperation under frameworks such as the Paris Agreement.
Focus on Finance, Technology, and Global Collaboration
The conference theme, “Unlocking Carbon Finance for NDC Implementation through Global Partnerships and Digital Pathways,” reflects India’s focus on mobilising climate finance, strengthening international partnerships, and leveraging digital innovation.
Over two days, the conference will host discussions on key areas including global carbon market mechanisms, compliance frameworks, digital MRV (Monitoring, Reporting, and Verification) systems, carbon border policies, and integration of new sectors such as buildings and cooling into India’s carbon framework.
India’s Emerging Leadership in Climate Action
The event underscores India’s proactive approach in building a credible, inclusive, and globally aligned carbon market ecosystem, positioning the country as a key player in shaping international climate finance pathways.
With initiatives such as the carbon market portal and CCTS, India aims to accelerate its low-carbon transition while creating opportunities for industries, MSMEs, and emerging clean technologies.
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