Budget 2025 Expectations Live: “As India launches its Carbon Credit Trading Scheme (CCTS) and embarks on its Net Zero Journey, the focus will be on access to clean and green technologies across sectors. Industries covered under CCTS are also subject to international regulations like CBAM, which attract carbon taxes on exports. One of the objectives of CCTS is to offset such taxes. Decarbonizing the sectors under CCTS would require access to clean technologies at costs that can help them stay globally competitive. The Union budget needs to prioritize establishing mechanisms to access global funds for technology innovation and promote the development of affordable and scalable clean tech solutions by domestic MSMEs. We believe that providing financial incentives to companies, such as improved Performance Linked Incentives (PLI) and promoting research and development in cleaner technologies, will be vital to meeting India’s target of achieving net-zero emissions by 2070,” said Anu Chaudhary, Partner and Global Head of ESG Consulting, Uniqus Consultech.
Source: Economic Times
