India, July 29 -- India's proposed Carbon Credit Trading Scheme will not deliver transformational industrial decarbonisation, experts warn.

New report shows far more ambitious emissions intensity targets needed.

Current rules demand only 2-5% cuts by 2026-27 for steel, cement and aluminium.

The scheme relies on low carbon prices and weak governance, excludes the power sector.

India's proposed Carbon Credit Trading Scheme (CCTS) is unlikely to drive transformational change in industrial decarbonisation unless the emissions intensity targets linked with it become significantly more ambitious, according to a new analysis by Bengaluru-based think tank Climate Risk Horizons.

The authors of the report, Unlocking Ambition for India's Carbon...