Article
link: Read
more
Extract from the article:
India has taken a proactive step by forming
a committee to address the challenges posed by the EU's Carbon Border
Adjustment Mechanism (CBAM).
This committee comprises representatives
from key ministries and industries. The focus is on tackling issues related to
the monitoring, reporting, and verification (MRV) of embedded emission
calculations. India is exploring various approaches to effectively manage the
impact of the CBAM regulations.
The article underscores India's efforts to
engage with the EU on obtaining recognition for its carbon credit certification
system.
By seeking acknowledgment for its
certification system, India aims to mitigate the additional tariffs that the EU
plans to impose on carbon-intensive products under the CBAM starting from January
2026.
The establishment of a Carbon Trading
System in India, coupled with initiatives like the Energy Conservation
(Amendment) Bill and the proposed Indian Carbon Market Governing Board,
demonstrates India's commitment to address environmental challenges and align
with international norms.
My Take:
Can
We Rise to EU Challenge?
"Reflecting on India's current
endeavors to gain EU recognition for its carbon credit certification system, I
am reminded of my earlier
blog where I emphasized the importance of establishing a robust framework for
carbon trading.
The steps taken by India align closely with
my recommendations from years ago. It's heartening to witness the nation's
proactive stance in preparing for the implications of CBAM regulations."
Dear
Shri R.K. Singhji, Power Be With You
"In my previous blog, I highlighted the significance of creating a designated
agency for the issuance of Carbon Credit Certificates, a move that seems to be in sync
with India's current actions.
As India aims to secure exemptions for
MSMEs from the EU's carbon tax and streamline its Carbon Credit Trading Scheme,
the government's efforts resonate with the solutions I proposed earlier.
The commitment to environmental
sustainability and regulatory compliance is evident in the ongoing dialogue
with the EU."
Call to Action:
To the Ministry of Environment, Forest, and
Climate Change in India ;
-
I urge the Ministry to continue
fostering collaboration with the EU to ensure the
smooth recognition of India's carbon credit certification system.
-
-
It is imperative to advocate for
exemptions for MSMEs and establish a robust framework for the Carbon Trading System,
enhancing India's position in the global sustainability landscape.
With regards,
www.My-Teacher.in /
26 Oct 2024
No comments:
Post a Comment