NEW DELHI: In a significant step in India’s climate action journey, the Centre plans to launch the Indian Carbon Market (ICM) portal by January next year, according to two officials aware of the development.

The centralized digital platform will serve as the backbone of the country’s emerging carbon credit trading system—facilitating the creation, registration, and issuance of carbon credits to help industries offset emissions by investing in cleaner technologies or purchasing credits from others.

While a separate platform will handle trading, the ICM portal will manage the full lifecycle of carbon projects—from proposal submission to registration, validation, verification, issuance, and renewal. It will cater to both compliance and voluntary carbon credit mechanisms, one of the official

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