EU, India reach trade deal
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The India–EU Free Trade Agreement is increasingly being seen as a climate-linked trade pact rather than a conventional market-access deal. By tying clean energy cooperation, hydrogen ambitions and carbon rules into trade,
India has notified greenhouse gas emission intensity targets for 208 carbon-intensive industries, including petroleum refineries and textiles, expanding the Indian Carbon Market to 490 obligated entities and supporting emissions reduction through a carbon credit trading mechanism.
The EU has not provided any concessions to India on its carbon regulations in the trade pact, but has agreed that any relaxations granted by the 27nation bloc to other countries under the CBAM provisions will automatically extend to Indian exporters,
The European Union’s (EU’s) carbon border fees on Indian exports are likely to be relatively minor initially, and the country’s planned carbon credit trading scheme will further reduce the cost burden on Indian exporters by allowing CBAM fees to be ...
The power sector is at the heart of India's decarbonization efforts. It is responsible for almost 39% of the country's greenhouse gas (GHG) emissions. Including the sector in India's Carbon Credit Trading Scheme (CCTS) would lead to significant, cost ...
The publication brings together perspectives from industry leaders, policymakers, and environmental experts, outlining strategic recommendations to enhance the efficiency, credibility, and inclusiveness of India’s carbon markets.
The European Union is poised to fully implement the world’s first carbon border tax from Jan. 1. The controversial measure, known as the Carbon Border Adjustment Mechanism, has been criticized by the U.S., China and India, among others. The EU is poised ...