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UK recognises India’s carbon credit trading scheme, relief for Indian exporters
The move lets eligible Indian goods claim relief and avoid double taxation, with merchandise trade between the two countries at $25.1 billion in 2025-26.
- On Monday, the U.K. Treasury recognized India's Carbon Credit Trading Scheme as a qualifying carbon pricing mechanism, allowing Indian exporters to claim relief under the upcoming Carbon Border Adjustment Mechanism .
- This recognition aligns with the U.K. CBAM's core principle of preventing double taxation, ensuring goods already subject to an eligible carbon price in India receive credit toward their tax liability.
- Britain currently recognizes 16 international carbon pricing schemes, including the EU Emissions Trading System, as the U.K. prepares for CBAM to take effect January 1, 2027.
- An official stated, "This will reduce the effective CBAM liability on Indian goods, directly benefiting Indian exporters to the U.K.," following sustained technical-level engagement between both nations.
- Ongoing collaboration will continue through the UK-India Energy Memorandum of Understanding, strengthening the trade partnership that generated $25.1 billion in bilateral merchandise trade during 2025-26.
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UK recognises India’s carbon credit scheme under CBAM, easing tax burden for exporters
The recognition means UK importers of eligible Indian goods may claim relief against their CBAM liability for the carbon price already paid under India’s Carbon Credit Trading Scheme, subject to UK verification rules.
·New Delhi, India
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Latestly
LatestlyUK includes India's carbon credit trading scheme in list of qualifying carbon pricing mechanisms under CBAM
The Government of the United Kingdom has included India's Carbon Credit Trading Scheme (CCTS) in its indicative list of qualifying carbon pricing mechanisms under the UK's Carbon Border Adjustment Mechanism (CBAM), Commerce Ministry sources told ANI.
·India
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UK recognises India's carbon credit scheme under its carbon tax mechanism: Official
The UK has recognised India’s Carbon Credit Trading Scheme (CCTS) as a qualifying carbon pricing mechanism for relief under its Carbon Border Adjustment Mechanism (CBAM), potentially reducing the CBAM liability for Indian exporters.
·Mumbai, India
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Total News Sources19
Leaning Left1Leaning Right6Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
11%
C 22%
R 67%
Factuality
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