New Delhi, Jan. 22 -- The government has widened the scope of the Indian carbon market by setting greenhouse gas emission intensity (GEI) targets for 208 more carbon-intensive industrial units. The move brings more industries under the country's carbon compliance framework.

A notification issued on 13 January brings petroleum refineries, petrochemicals, textiles and secondary aluminium under the compliance mechanism of the Carbon Credit Trading Scheme (CCTS), requiring them to meet emission targets or buy carbon credits to offset excess emissions.

With this latest inclusion, a total of 490 obligated entities across the country's most emission-intensive sectors are now covered under the compliance framework of the Indian carbon market. E...