India has emerged as a major exporter of carbon credits in the global market, accounting for 17% of credits being issued every year. Recent times have seen many startups emerge in the space, setting up carbon removal projects in India. Some of these startups, like Alt Carbon and Varaha, have also gone on to sign offtake agreements with US-based tech giants, Microsoft and Google, among others. The voluntary carbon markets run on rigorous verification and testing to ensure that the credits are credible. These startups have to follow methodologies and standards that are set by agencies, constantly measuring their progress and testing their results in labs so as to generate certified carbon credits. As of 2026, the Indian government is also setting up a Carbon Credit Trading Scheme (CCTS), which will be the country’s first national framework designed to put a price on carbon emissions. Meanwhile, Indian startups can verify their credits and list on a range of registries that are available globally. Many of these registries have their own checks and balances in place to evaluate the credibility of the carbon removal project and carbon dioxide removal from it. Also ReadAlt Carbon raises $12M in seed round led by Lachy Groom to accelerate… Read MoreYourStory RSS Feed
