India and EU Agree to Strengthen Carbon Market Cooperation
What happened
India and the European Union agreed to strengthen cooperation and continue dialogue on carbon markets and the Carbon Border Adjustment Mechanism (CBAM). Pankaj Agarwal led the Indian side, while the European Commission's Director-General for Taxation and Customs Union, Gerassimos Thomas, led the EU team. Both sides expressed willingness to continue technical engagement on recognizing carbon pricing mechanisms and monitoring, reporting, and verification (MRV) systems.
From prokerala.com
Why it matters
The agreement facilitates continued technical ties between India and the European Union regarding carbon market methodologies. Discussions included India's progress under the Carbon Credit Trading Scheme (CCTS) and the EU's CBAM implementation.
From prokerala.com
Who's involved
- Pankaj AgarwalLed the Indian delegation in the high-level meeting on carbon markets.
- Government of IndiaIs involved in the agreement strengthening India's carbon market regulatory framework.
- Ministry of PowerPankaj Agarwal serves as the Secretary for this Ministry.
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The entities involved
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Pankaj Agarwal
Indian businessperson (born 1977, child of Manohar Lal Agarwal)
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