How to turn overseas green regulation into export advantage
India's response to climate-linked trade regulation has often been one of resistance, with the country viewing measures like the EU's Carbon Border Adjustment Mechanism as protectionist and intrusive. However, as these regulations are set to become more widespread, India must consider the potential benefits of embracing green trade rules.
By using these rules to finance the early years of its own green industrialisation, India can establish lower-carbon industries from the outset, making them more competitive in the global market. Green ammonia and sustainable aviation fuel are two examples of sectors where India could potentially export to benefit from the upcoming global green-trade rules.
Brief written by urgent.news from The Indian Express's own syndicated text. Machine-written — may contain errors; check the original before relying on it.