This Daily Editorial Analysis from Vajiram & Ravi covers India's Carbon Credit Trading Scheme as it moves from compliance reports to actual credit trading. Nearly 500 Indian companies across seven industrial sectors filed their first reports, with credits expected in October and trading on power exchanges likely between November and January. The editorial argues India should join the Open Coalition on Compliance Carbon Markets, a group launched by the EU, China, and Brazil to align national carbon markets. The main tension is between policy autonomy and export competitiveness. As the EU's CBAM starts to price embedded carbon on imports, Indian exporters face new compliance costs. Joining the coalition could help India shape MRV and carbon accounting standards instead of adapting to rules set elsewhere. The piece also notes risks, including whether international coordination respects India's development needs, but concludes that early participation is the safer strategic move. Useful read for anyone tracking Indian carbon market development, CBAM exposure, or the politics of linking compliance markets across major economies.
