# Brazil CBIO vs India CCTS: Comparing Carbon Markets

Canonical: https://senseible.earth/climate-intelligence/brazil-cbio-india-ccts-comparing-carbon-markets

Published 2025-01-15.

Brazil's CBIO and India's CCTS represent two different approaches to carbon markets in emerging economies. Understanding both helps MSMEs position for global trade.

**India's CCTS (Carbon Credit Trading Scheme):**

- Launched: 2023, transitional phase
- Regulator: Bureau of Energy Efficiency (BEE)
- Scope: Energy-intensive industries first, expanding
- Mechanism: Baseline-and-credit (emission-intensity targets) with tradeable credits
- MSME Impact: Reporting requirements coming; credits create new revenue

**Brazil's CBIO (Decarbonization Credits):**

- Launched: 2020
- Regulator: ANP (National Agency of Petroleum)
- Scope: Biofuel producers and distributors
- Mechanism: Mandated purchase by fuel distributors
- MSME Impact: Biofuel supply chain benefits directly

**Key Differences:**

| Aspect | India CCTS | Brazil CBIO |
| --- | --- | --- |
| Focus | Broad economy | Biofuels sector |
| Trading | Carbon credits | Decarbonization certificates |
| Mandatory buyers | Obligated entities that miss their intensity targets | Fuel distributors |

**Global Alignment:**

Both schemes position their countries for [CBAM compliance](https://senseible.earth/climate-intelligence/eu-cbam-explained-emerging-market-exporters) and international carbon trading. MSMEs that build MRV capability now will benefit as these markets mature.

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## Related guides

- [Can we reroute supply chains to reduce CBAM exposure legally?](https://senseible.earth/climate-intelligence/reroute-supply-chains-reduce-cbam-exposure)
- [CBAM for Indian Exporters: What Changed on 1 January 2026](https://senseible.earth/climate-intelligence/cbam-compliance-indian-exporters)
- [BRSR Reporting Requirements in India: Who Reports, BRSR Core and Value-Chain Rules](https://senseible.earth/climate-intelligence/brsr-reporting-requirements-india)