UPSC | Prelims GS | 2026

With reference to India's Carbon Credit Trading Scheme (CCTS) and the Open Coalition on Compliance Carbon Markets (OCCCM), consider the following statements: 1. CCTS is a compliance carbon-market framework. 2. OCCCM is described as a collaborative initiative for exchange on MRV, carbon accounting and compliance-market rules. 3. India was reported as a member of OCCCM in the newspaper. Which of the statements given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer

Correct Answer

1 and 2 only

Explanation

Statements 1 and 2 are correct: the article describes CCTS as India's compliance carbon-market framework and OCCCM as a forum for MRV, carbon accounting and related rules. Statement 3 is incorrect because India has stayed outside OCCCM so far. CCTS is therefore domestic policy, while OCCCM is an international collaborative coalition.

Topics: carbon markets, ccts and occcm, climate governance, environment