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Winter is Coming for Global Trade: The Rise of CBAM – Part II
India isn’t just objecting against CBAM . It’s building its own solution, one of which is known as Indian Carbon Credit Trading Scheme (CCTS), a legal mechanism with one clear job: keep carbon revenue in India instead of handing it to European treasuries. Here’s the core difference from the EU’s approach. Cap-and-trade fixes a hard…
Winter is Coming for Global Trade: The Rise of CBAM – Part I
What are policies? And what do they do? Are they just guidelines, or much more? How does climate change fit in that context ? Consider an overflowing bathtub. There are certain rules we can follow to reduce the overflowing. These rules include reducing the tap flow to prevent more water from pouring in, which is…