A joint report by the Confederation of Indian Industry and IIM Ahmedabad calls for a credible and transparent domestic carbon-pricing framework to shield Indian exporters from tightening global climate-linked trade rules as the EU Carbon Border Adjustment Mechanism (CBAM) takes effect. The move would increase environmental compliance demands across supply chains that rely heavily on ocean shipping.
Indian business media report that a new study by the Confederation of Indian Industry (CII) and the Indian Institute of Management Ahmedabad argues India must develop a “credible and transparent” domestic carbon market to help carbon-intensive exporters remain competitive as global climate-oriented trade regulations tighten, notably through the implementation of the EU Carbon Border Adjustment Mechanism. The report highlights that sectors with high emissions profiles, many of whose exports are carried by sea to European markets, will face growing obligations to quantify and pay for their carbon footprint.
Source:
lokmattimes.comShare this article
Related news
IMO chief urges ships to avoid Strait of Hormuz amid escalating attacks
IMO Secretary-General Arsenio Dominguez said ships should avoid the Strait of Hormuz and reassess risks before operating in high-risk areas.
Malaysia to centralize bunkering approvals and develop green-fuel rules
From February 1, 2027, Malaysia’s Transport Ministry will become the sole authority approving bunkering licences and related permits. The country is also working with Australia on a legal framework for LNG, biofuels and methanol in support of IMO-related environmental targets.
Argus launches first FuelEU Maritime spot price index, boosting transparency in EU ship emissions compliance trading
Price reporting agency Argus has introduced the first FuelEU Maritime pooling spot price, quoted in €/t CO₂ equivalent, to bring transparency to the growing market where shipowners trade surplus compliance under the EU’s FuelEU Maritime regulation. The scheme applies to ships above 5,000 GT operating in EU waters and requires progressive greenhouse gas reductions from a 2% cut today to 80% by 2050.