Carbon Footprint and Trading — Policy Reforms

Entry	Year	Description	Impact
Energy Conservation (Amendment) Act	2022	Enhanced the Energy Conservation Act 2001 to include carbon trading mechanisms, renewable energy obligations, and energy efficiency standards for buildings and industrial equipment. The amendment expanded the scope of the PAT scheme and provided legal framework for carbon credit trading.	Strengthened India's legal foundation for carbon markets and energy efficiency trading, enabling broader sectoral coverage and enhanced enforcement mechanisms for emission reduction targets