India’s bid to keep carbon cash home as Europe adds a new trade cost
According to Trishant Dev, Climate, Trade & Green Industrial Policy expert in Carbon Markets at the Centre for Science and Environment (CSE), India's carbon revenues should be used to build the infrastructure that allows industry to decarbonise. “At its core, it isn’t really a choice between greening the grid and decarbonising steelmaking,” Dev said. “Decarbonising hard-to-abate sectors ultimately depends on affordable clean power.”
