India has taken significant steps towards advancing carbon trading and green initiatives, particularly in Chennai. The country has approved crediting methodologies for renewable energy, green hydrogen production, industrial energy efficiency, and environmental conservation projects like mangrove afforestation and reforestation. This move aligns with global efforts to mobilize funds for decarbonization and climate resilience. India's Carbon Credit Trading Scheme, focusing on nine energy-intensive industrial sectors, will issue carbon credit certificates to facilities surpassing emissions benchmarks, promoting carbon neutrality among industries. The power ministry's recent approval of crediting methodologies emphasizes the country's commitment to climate action and facilitating the transition to new programs from 2025 onwards. This transition encourages voluntary participation in emission reduction projects, enabling businesses and industries to receive carbon credits for verified reductions. The initiative not only drives decarbonization and climate resilience but also incentivizes sectors outside the compliance mechanism to engage in environmental actions. With such initiatives, India is positioning itself as a leader in carbon trading and green energy innovations.