This analysis from Hindustan Times looks at how BRICS nations are pushing back against the EU and UK carbon border adjustment mechanisms. The New Delhi Declaration explicitly opposes unilateral carbon border taxes, while India works on its own carbon market to gain recognition. The article explains why interoperability between carbon pricing systems is key for exporters. It also highlights the gap between formal recognition of India's Carbon Credit Trading Scheme by the UK and the practical difficulties for Indian exporters, especially small and medium enterprises. The piece argues India needs broader sectoral coverage, better MRV standards, and support for green hydrogen in steel and renewables in aluminium to stay competitive. The bigger picture is about equity and development. BRICS countries want climate finance and technology transfer from developed nations, not just punitive trade measures. This is a useful read for anyone tracking how carbon markets and trade policy are converging.
