The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The Ministry of Environment, Forest and Climate Change revised baseline emission figures for seven petroleum refineries.
- The updated notification removes the 2025-26 compliance targets and retains goals for the 2026-27 period.
- These industries operate under the Carbon Credits Trading Scheme, which uses greenhouse gas intensity targets to incentivize emission reductions.
- Stable targets and predictable timelines are essential for industries to plan investments and meet climate goals effectively.
What to watch next
- Future issuance of GHG emission targets for the iron and steel sector
- Impact of target changes on industry compliance costs under the Carbon Credits Trading Scheme
Who said what1
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Parth Kumar
Programme Manager
1 quote · 1 outlet
“A predictable timeline with stable targets is important for companies to plan investments and ensure that the intended emission reductions are achieved in the stipulated timeframe”
In the article
…Science and Environment, said that while updating data is important for accuracy, delays in notifying targets and frequent changes in compliance requirements can create uncertainty for industry and the market itself. “ A predictable timeline with stable targets is important for companies to plan investments and ensure that the intended emission reductions are achieved in the stipulated timeframe ,” he told The Indian Express. Story continues below this ad Heavy industries and core manufacturing sectors, where it is hard to reduce emissions, have been covered under these targets. So far, the Centre has set…
Coverage1
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Named India · Bharat Petroleum Corporation · Chennai Petroleum Corporation · Hindustan Petroleum Corporation · Indian Oil Corporation · Mangalore Refinery and Petrochemicals · Nayara Energy · Numaligarh Refineries · Reliance Industries · Centre for Science and Environment · Ministry of Environment, Forest and Climate Change · Parth Kumar
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