Carbon Credit News

India has locked horns with the West at the 4 day World Trade Organisation ministerial conference that is taking place in Abu Dhabi. During his speech, India's commerce secretary said there were serious concerns about the increasing use of trade protectionist unilateral measures, which are being justified in the name of environment protection. Watch

India is in the final stages of forming policies to kick-start the Indian carbon market. A draft of the carbon credit trading scheme has recently been notified. For a country that primarily runs on fossil fuels, India has set an ambitious emission cut goal for itself. But setting the goal to become emission neutral by 2070 is one thing. Achieving it will require a well-planned approach. And this is a step forward in that direction.

India is planning to retaliate with a carbon tax on European imports. India is considering the move in response to Europe’s CBAM. According to sources, the groundwork to devise a mechanism to measure carbon content in products is being done by the ministry of finance and commerce. Europe's decision to link environment with trade has irked India. Especially, since no such considerations were in place while Europe was industrializing.

All said, a fog currently surrounds finance minister Arun Jaitley's tax play on carbon credits

A low carbon scenario would requite us to take steps to reduce energy use in a number of sectors and also promote a shift to renewable energy

The Climate Change Agreement signed in New York is a landmark event. Now it's time to make an assessment of what has been achieved and what remains to be done

The Paris Accord is a huge step forward in international climate change diplomacy

Should solar power be subsidized or should traditional energy be taxed?

India has three such mechanisms of which only renewable energy certificates is working, without much success

So far, the total credit extended by banks in priority sector lending is over `21.54 lakh crore