India, July 8 -- The Union environment ministry has issued a draft notification to bring the iron and steel sectors under the Carbon Credit Trading Scheme (CCTS), assigning greenhouse gas (GHG) emission intensity reduction targets to over 250 plants to reduce emissions.

The draft dated June 26 refers plant-specific GHG emission intensity targets under the Environment (Protection) Act, 1986. It has been issued for 255 major plants for public comments for 60 days before the rules are finalised.

The proposed rules expand the scope of CCTS, notified in 2023, which covers sectors such as aluminium, cement, pulp and paper, petroleum refineries, petrochemicals and textiles.

Emission reduction targets have been set for 2026-27, taking 2023-24 ...