India, Oct. 11 -- The union environment ministry has set greenhouse gas emission intensity targets for companies participating in the domestic carbon credit trading scheme.

Under the targets, the obligated entities or industries in aluminum; cement; chlor-alkali; paper and pulp will have to (1) achieve the greenhouse gas emission intensity targets in the respective compliance year as per the Schedule; (2) surrender the banked carbon credit certificates or carbon credit certificates purchased in the respective compliance year equivalent to the shortfall to comply with the greenhouse gas emission intensity target; and (3) register on the portal under the Indian Carbon Market Framework.

The carbon credit certificates to be issued to the ob...