New Delhi, March 21 -- India will begin formal trading in its domestic carbon market within the next four months, Union Power Minister Manohar Lal said on Saturday. The step will mark a key step in the country's efforts to curb emissions and create an economic framework for climate action.

"Within the next four months, formal trading in the carbon market will start in the country," the Union Minister said on the sidelines of the Bharat Electricity Summit 2026 held in the national capital.

He added that stakeholders would be required to register under the scheme before participating in the trading of carbon certificates.

The minister said the carbon market would function as a mechanism to balance emissions by allowing entities with surp...