Newsletter/Booklets 19th Jun 2023
There is growing recognition of the link between trade and climate change. As Governments worldwide grapple with this pressing issue, ambitious measures like the EU’s carbon border adjustment mechanism (CBAM) have propelled the conversation around trade and its environmental impact.
Notably, India has been making strides in this direction. The Energy Conservation (Amendment) Bill, 2022, passed on 8 August 2022, has paved the way for the implementation of an emissions trading scheme (ETS) within India’s legislative framework.
In our recently released primer, Economic Laws Practice delves into the current state of play regarding ETSs. We explore the core fundamentals of ETSs, shedding light on their definition, various implementation strategies, and the identification of best practices for designing an effective and resilient ETS. Leveraging this knowledge, we closely examine India’s own plans for an ETS and discern the key considerations for its successful implementation.
