Category Insights

Insights, a blog published by IMPRI.

Carbon Credit

Carbon Credit Trading Scheme (CCTS) 2023: Assessing India’s First Mandatory Carbon Market and Its Path to Net-Zero

India has spent decades regulating how much energy its industries use, but until now it never had a legal mechanism to price how much carbon those industries actually emit. The Carbon Credit Trading Scheme (CCTS) changes that. Notified by the Ministry of Power on 28 June 2023 under Section 14AA of the Energy Conservation (Amendment) Act, 2022, CCTS establishes India's first mandatory domestic carbon market, built around energy-intensive industries that together account for a sizable share of the country's industrial emissions.

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India-Chile Comprehensive Economic Partnership Agreement (CEPA) Negotiations (2025–2026): Advancing Trade, Critical Minerals and Bilateral Economic Engagement

This paper examines whether the India-Chile CEPA functions as more than a trade liberalisation agreement, arguing that it operates primarily as a strategic instrument for securing India’s critical mineral supply chains. Over the last two decades, the economic relationship between India and Chile has steadily evolved from a preferential trade framework to a comprehensive economic partnership agreement. The foundation of the bilateral economic engagement was laid in January 2005, culminating in the signing of the Preferential Trade Agreement (PTA) in March 2006.

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India’s Polar Strategy: Antarctica and the Future of Climate Governance

Antarctica is now at the heart of global climate governance as it continues to contribute to sea-level rise, influence climate and house unique biodiversity. India’s Antarctic programme is a model of science-led, collaborative engagement that links climate monitoring with environmental stewardship a1nd international diplomacy in the sustainable management of one of the world's most fragile ecosystems.

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