UK recognises India's CCTS; carbon price to be accepted under CBAM regime: Comm Secy
Economic Times 1 hr ago·9 Sept 2026, 11:58 am
The UK government has officially recognized India's Carbon Credit Trading Scheme (CCTS). This decision allows Indian exporters to use their domestic carbon credits to offset costs under Britain's Carbon Border Adjustment Mechanism (CBAM). This move helps prevent a situation where Indian goods face double taxation for carbon emissions.
For investors, this is a positive development for the broader market. It signals a strengthening of India's position in global climate trade negotiations and could reduce compliance costs for Indian exporters. The recognition of CCTS aligns with India's broader strategy to integrate its green economy into international frameworks.
Investors should watch for the full implementation details of the UK's CBAM and how other major economies respond. The government's continued efforts to address freight costs and ensure smooth logistics will also be crucial for sustaining export growth.
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- Category: Economy.
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- Flagged as a high-impact, market-moving story.
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