Penalty to be 2x average trading price of carbon credit certificates

These will be calculated in tonnes of carbon dioxide equivalent emissions (tCO2) per tonne of production, with the targets applying from FY26 to FY27, based on baseline data from FY24.

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The notification states that "obligated entities" must meet the GEI targets according to the compliance schedule and in line with the provisions of the CCTS.

For instance, Vedanta Limited's Smelter-II in Odisha must reduce its emission intensity from 13.4927 tCO in FY24 to 13.2260 in FY26, and further to 12.8259 by FY27. Similarly, Nalco's smelter & power complex in Angul, Odisha, would need to cut emissions from 17.3505 tCO in FY24 to 16.2479 tCO by FY27.

Other companies, including JK Cement in Karnataka, Dalmia Cement (Bharat) Ltd in Andhra Pradesh, and DCM Shriram Consolidated Ltd's chlor-alkali unit in Kota, have also been assigned reduction targets.