India and the EU have agreed to deepen technical cooperation on carbon markets and CBAM implementation, with talks held in New Delhi between the Indian Ministry of Power and the European Commission. India highlighted its Carbon Credit Trading Scheme, including emission intensity reduction targets for 490 industrial units, and said non-fossil sources now make up 308 GW of its 558 GW installed electricity capacity. For exporters and carbon market participants, the key point is the focus on monitoring, reporting, and verification. Both sides want to coordinate on carbon pricing and reporting requirements so Indian units selling into the EU face clearer rules. The dialogue is still at the technical stage, so the main open question is how Indian carbon credits and CBAM certificates will interact in practice.
