The article highlights how India’s Union Budget 2026–27 strengthens the transition toward industrial decarbonisation through clean energy investments and support for technologies like CCUS and green hydrogen. A central element is the Carbon Credit Trading Scheme (CCTS), designed to create a domestic carbon market and reduce emission intensity across major industrial sectors. Its success depends on strong monitoring, reliable data, stable pricing, and safeguards against greenwashing. Strengthening domestic clean-technology innovation and transparent carbon accounting will be crucial for achieving genuine decarbonisation while maintaining industrial competitiveness.
