The saga of Carbon Credit as part of J Ecosystem Series

India's carbon market is no longer just about reducing emissions, it is about turning verified environmental outcomes into economic value. 

The CCTS is creating a domestic market in Carbon Credit Certificates, alongside voluntary and international markets. 

The key legal question is what exactly is the carbon credit being traded? Once that is understood, property, GST, income tax and cross-border consequences can be analysed, but the answer may differ across legal regimes.