UK Approves India's Carbon Credit Trading Scheme Under CBAM
| Key Aspect | Details |
|---|---|
| Event | India's Carbon Credit Trading Scheme (CCTS) approved by the UK under its Carbon Border Adjustment Mechanism (CBAM). |
| Objective | Helps Indian exporters reduce carbon costs for exporting carbon-intensive products to the UK. |
| Industries Affected | Steel, cement, aluminium, fertiliser, and other carbon-intensive industries. |
| Significance | Avoids double imposition of carbon costs (in India and the UK) for Indian exporters. |