The Ministry of Power in India has announced significant progress in the country's commitment to reducing emission intensity through the establishment of the Indian Carbon Market (ICM) and the introduction of the Offset Mechanism. The Offset Mechanism, which encourages voluntary participation by entities, is a key step in tackling greenhouse gas emissions. By approving eight different methodologies, including those for renewable energy and green hydrogen production, the Indian government aims to drive climate action and incentivize emission reduction projects. This initiative allows businesses and organizations outside the compliance mechanism to contribute to climate change mitigation efforts and receive carbon credits. Through the Offset Mechanism, India seeks to tap into climate-friendly projects and promote actions in sectors that were previously not covered under regulatory mechanisms, thereby fostering a more sustainable and environmentally conscious approach to addressing climate change.