Section 18
Trading of Carbon Credit Units
of Environment (Reduction of Greenhouse Gases Emission) Ordinance, 2023
State OrdinanceIn forceProvision 16 of 56
Section 18
⎯(1) Carbon Credit Units may be traded in:
(a)
voluntary carbon markets; or
(b)
any emission trading scheme or market approved by guidelines issued by the Registrar under subsection (2), in accordance with the applicable Carbon Standards Rules or any rules made under section 57.
(2)
The Registrar, with the approval of the Minister, may issue guidelines for the trading of the Carbon Credit Units including those belonging to the Government, such guidelines shall include, but not limited to, types of market where such Carbon Credits Units be traded, sold or exchanged or be part of a Carbon Offset scheme allowed under an applicable Carbon Standard Rules.