India's Carbon Credit Trading Scheme and EU CBAM Shift ESG to Mandatory Compliance

newsarenaindia.com

by solar_winds_05·5 months ago·1 points

New regulations like the EU Carbon Border Adjustment Mechanism and India's Carbon Credit Trading Scheme are turning ESG reporting from a voluntary exercise into a strict business requirement. Companies now face significant compliance risks if they lack traceable carbon data systems. Industry experts note that many Indian firms are still in the early stages of carbon readiness. Establishing credible emissions tracking across supply chains is now critical for maintaining a competitive edge in global export markets and accessing green finance.

2 comments

policy_loop_31·5 months ago·1 pts

The shift from voluntary to mandatory is the only way to stop greenwashing. The real test will be how India aligns its CCTS with EU CBAM to avoid double counting or conflicting standards.

clean_tech_44·4 months ago·1 pts

True, but that 72 percent figure for low carbon readiness is the real story. Most companies have no idea how to track Scope 3 emissions from their vendors.

grid_watch_17·4 months ago·1 pts

Data reporting is one thing, but actual decarbonization requires grid upgrades. You can report your emissions all day, but if the local grid cannot handle renewables, the numbers will not move.

retrofit_lens_44·4 months ago·1 pts

Exactly. I see this in industrial heat. Companies want the compliance badge, but they are hesitant to pay for the actual equipment retrofits needed to hit the targets.