Credits and projects · India

India's energy efficiency bureau shortlists two more applicants to verify carbon credits under the CCTS

India's Bureau of Energy Efficiency on 18 September 2026 sought public comments on two applicants for accreditation as Accredited Carbon Verification agencies.

The shortlisted applicants are REC Power Development and Consultancy Limited and TUV Rheinland (India) Pvt. Ltd.

Comments were due within 15 days, by 3 October 2026, and the bureau stressed that neither firm is yet accredited.

18 Sep 2026Credits and projectsIndiaPublished 12 Nov 2026
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South Mumbai skyline with sailing boats in the harbour. Photo: iMahesh, CC BY-SA 4.0, source. Resized only; no other change.
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What happened

The Bureau of Energy Efficiency (BEE), administrator of India's Carbon Credit Trading Scheme (CCTS), issued a letter dated 18 September 2026 asking stakeholders for comments and information on applicants for Accredited Carbon Verification (ACV) agency status. ACV agencies carry out validation and verification work under the Indian Carbon Market.

The letter names two applicants shortlisted for comment: REC Power Development and Consultancy Limited and TUV Rheinland (India) Pvt. Ltd. It cites clauses 7.2.4 and 7.2.5 of the review-of-application section in BEE's Accreditation Procedure and Eligibility Criteria for Accredited Carbon Verification Agencies. Responses were to be sent by email within 15 days, that is by 3 October 2026, using the format in the letter's second annexure; the first annexure gives details of the two firms.

BEE states in the letter that the shortlisted agencies should not be treated as accredited and may not claim to be. The notice therefore marks a step in the review, not a final accreditation decision.

BEE's carbon market web page lists 12 notices seeking comments on ACV applicants, including this one. Earlier rounds carry dates such as 24 February, 25 March, 8 April and 13 May 2026, with further notices in May, July and August.

Context

Background

Verification sits at the centre of the CCTS. Obligated entities report direct and indirect emissions, covering Scope 1 and 2, and the compliance procedure with its monitoring, reporting and verification framework was published in July 2024. Targets are set as tonnes of CO2e per tonne of product, and certificates are calculated from the gap between target and achieved intensity multiplied by output, one certificate per tonne.

The scheme now covers obligated entities in a growing list of sectors, and a draft adds 255 iron and steel entities. Its institutions are split three ways: BEE as administrator, Grid Controller of India as registry and the Central Electricity Regulatory Commission as trading regulator. Alongside the compliance market there is an offset mechanism with nine approved methodologies and more than 40 registered entities submitting projects as of March 2026; verified outcomes there also depend on accredited verifiers.

Data

How it compares

Third-party verification in selected Asian carbon pricing schemes

Source: Press Information Bureau (MoEFCC); METI; e-Gov (Digital Agency); National Environment Agency (NEA); Official Gazette of Viet Nam (congbao.chinhphu.vn). Checked 2026-11-12. Japan's count is the number of names listed on the METI page as of its 4 November 2026 update.

Table of the same figures
SchemeVerification arrangementStatus or scale
India CCTSAccredited Carbon Verification agencies approved by BEE2 applicants shortlisted for comment on 18 Sep 2026; MRV framework since July 2024
Japan GX-ETSRegistered verification bodies; registration valid 5 yearsRegistration opened 5 Jan 2026; 18 bodies listed
Singapore carbon taxThird-party verified emissions report for taxable facilitiesRequired with monitoring plan and tax payment
Viet Nam pilot ETSThird-party-verified inventory results from allocated facilitiesDue by 1 December each year, from 2027
Ahead

What is next

No further dates are set in the official texts we checked.

Record

Sources

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