The net-zero approach of major exchanges to trade in carbon credits

A carbon credit can be issued by any project or entity that saves on emissions

With the Centre laying down the initial framework for a domestic-regulated carbon credit trading market, some of the major exchanges have started exploring the possibility of trading in carbon credits.

Sources in the know said that the National Commodity and Deriva­tives Exchange (NCDEX), which is one of the foremost exchanges in agriculture commodities, recently initiated preliminary talks on such a futures contract and was looking to commission studies to understand the nuances and viability of such futures.

Also, the National Stock Exchange is exploring opportunities in the voluntary carbon credit (VCC) market and electricity derivatives to deepen its product portfolio, its Chief