India’s approval of eight methodologies under its Carbon Credit Trading Scheme (CCTS).

Is expected to enhance the quality and credibility of carbon offsets, potentially driving up domestic carbon credit prices, according to Wood Mackenzie. These methodologies span sectors like energy, waste, industry, and agriculture, and allow international trading under Article 6.2 of the Paris Agreement. India's average carbon credit price was US$2.35/tonne in Q1 2024, lower than regional peers. Analysts believe clearer rules on compliance use of Carbon Credit Certificates (CCCs) will be key to future pricing trends. With over 5,000 projects registered across global registries, the new framework may attract more domestic and foreign investment, diversify the offset portfolio, and strengthen participation in India’s voluntary carbon market.