Current Affairs · Environmental Policy & Carbon Markets

With reference to the Greenhouse Gas Emission Intensity (GEI) Target Rules, 2025, consider the following statements: I. They provide for a notified emissions-intensity trajectory for obligated entities under the compliance mechanism of the Carbon Credit Trading Scheme (CCTS). II. An obligated entity that performs better than its notified target may become eligible for issuance of Carbon Credit Certificates (CCCs). III. The Central Electricity Regulatory Commission (CERC) is the authority that notifies the annual GEI targets for each obligated entity. IV. The rules are intended to operationalise a domestic carbon market framework rather than a purely voluntary offset-only arrangement. How many of the statements given above are correct?