Archive · 20 Aug 2025

India Launches Carbon Credit Program for Vehicle Scrapping

India Launches Carbon Credit Program for Vehicle Scrapping

A new program in India wants to pay people for getting rid of old cars.

When old cars are scrapped, it helps the environment because the materials can be reused instead of making new ones.

This program gives "carbon credits" to those who scrap their vehicles.

These credits can then be sold to companies, like car makers, who want to reduce their environmental impact.

The program hopes to join the Indian and international carbon markets, potentially earning even more money and helping India meet its climate goals.

Sources