India, EU agree to continue talks on CBAM issue

October 12, 2026 9:45 PM

India, EU agree to continue talks on CBAM issue

India and the European Union agreed to strengthen cooperation and facilitate continued dialogue on carbon markets, Carbon Border Adjustment Mechanism (CBAM)-related methodologies and opportunities for enhanced technical ties at a high-level meeting in New Delhi on Monday. The Indian side was led by Power Secretary Pankaj Agarwal, and the EU team was headed by the European Commission’s Director-General for Taxation and Customs Union, Gerassimos Thomas. The discussions focused on India’s car...

Can carbon pricing curb climate change and where does India stand?

July 3, 2025 3:19 PM

Can carbon pricing curb climate change and where does India stand?

Carbon pricing is increasingly recognized worldwide as a powerful tool to combat the devastating impacts of climate change. But what exactly is it, how does it work and where does India stand? Let's explore this transformative approach to driving a greener and more sustainable future. Carbon pricing is a policy mechanism that puts a financial cost on greenhouse gas emissions. This policy tool is primarily aimed at discouraging emitters of the greenhouse gas especially carbon dioxide and encoura...

India advances carbon pricing reforms to meet climate goals

June 23, 2025 5:23 PM

India advances carbon pricing reforms to meet climate goals

India is moving steadily towards establishing a comprehensive carbon pricing ecosystem aimed at meeting its climate and development commitments. With the formal adoption of the Carbon Credit Trading Scheme (CCTS) in July 2024 and increasing alignment with global carbon markets, the country is setting the stage for a structured, rate-based Emissions Trading System (ETS). According to the World Bank’s State and Trends of Carbon Pricing 2025 report, India has emerged as a notable player among em...