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India’s Solar PLI: Domestic Manufacturing, Carbon Implications and Industrial RE Procurement | Reclimatize.in

India’s PLI (Production-Linked Incentive) scheme for solar modules has attracted committed investment of approximately Rs 19,500 crore from 41 domestic manufacturers with a target manufacturing capacity of 26 GW per year by FY2025-26, growing toward 50–60 GW by FY2027-28. Domestic manufacturing changes three things simultaneously: the cost of Indian-made solar modules, the carbon footprint of a solar installation (domestic manufacturing is lower-carbon than Chinese import due to Indian grid-manufactured components), and the Atmanirbhar Bharat tariff architecture for imported modules. This analysis maps all three.

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CBAM-CCTS Article 9 Deduction: Documentation Requirements for Indian Exporters | Reclimatize.in

Article 9 of the CBAM Regulation allows the carbon price effectively paid in the country of origin to reduce the net CBAM certificate obligation. For Indian exporters with CCTS compliance obligations, this is a material financial provision — but one that requires a precise documentation chain linking production volumes, verified emission data, CCTS registry entries, and CBAM declarations. The deduction is modest in Phase 1 at current CCTS prices but grows as CCTS Phase 2 prices rise. This article maps the mechanics and documentation requirements.

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India’s Coastal Shipping and Inland Waterways: The Third Modal Option for Industrial Freight | Reclimatize.in

India’s coastal shipping segment moves approximately 80 million tonnes annually, approximately 5–7% of total freight. Inland waterways move approximately 100 million tonnes, primarily on NW-1 (Ganga), NW-2 (Brahmaputra), and NW-16 (Barak). At Rs 0.80–1.20/tkm, coastal shipping is the cheapest freight mode per tonne-kilometre for any coastal route above 800 km. For industrial clusters near rivers or ports — Odisha aluminium and steel, West Bengal and UP Ganga-connected industry, Maharashtra coastal chemicals, this mode is comprehensively under-used relative to its cost and carbon potential.

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CBAM Transitional Period Lessons: What India’s Quarterly Reports Revealed About Readiness | Reclimatize.in

The CBAM transitional period ended on 31 December 2025. For eight quarters, EU importers of Indian steel, aluminium, and fertilisers submitted quarterly reports using embedded emission data — or the EU’s default values where actual data was unavailable. Analysis of the reporting patterns shows that the majority of EU importers of Indian material used default values, which in most cases significantly overstated the actual emission intensity of Indian production and therefore overstated the CBAM liability. In the definitive period from January 2026, default values are not available for most categories, making the switch to actual verified data not optional.

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Coastal Shipping and Inland Waterways: India’s Forgotten Freight Decarbonisation Option | Reclimatize.in

India’s coastal shipping sector is chronically underutilised relative to its potential — carrying approximately 12–13% of India’s freight tonne-kilometres despite covering 7,516 km of coastline and connecting every major industrial cluster to every major port. Inland waterways, particularly National Waterway 1 on the Ganga, are operational but underused for industrial bulk freight. Both modes emit approximately 10–15 gCO₂/tkm — comparable to electrified rail and 7–9× lower than diesel road freight. For industrial shippers adjacent to coast or river systems, these are the lowest-carbon freight options available without infrastructure investment.

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India BRSR Core: Mandatory Sustainability Disclosure and Its GHG Data Infrastructure Role | Reclimatize.in

BRSR Core became mandatory for India’s top 150 listed companies by market cap from FY2023-24 and for the top 1,000 from FY2024-25. It requires reasonable assurance on nine Key Performance Indicators including verified Scope 1 and Scope 2 GHG emissions, energy intensity, water intensity, and selected Scope 3 emissions. For industrial companies also under CCTS, the two frameworks produce essentially the same GHG data — but with different verification standards and different penalties for non-compliance. This article maps the overlap, the divergences, and the dual-framework compliance strategy.

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India’s Coking Coal Import Dependency: West Asia Freight Shock and the DRI-EAF Structural Hedge | Reclimatize.in

India imports approximately 80 million tonnes of coking coal per year — 100% of its metallurgical coal requirement — from Australia, the USA, Canada, and Mozambique. The West Asia War added 30–40% freight premium to delivered coking coal costs as shipping rerouted from Suez/Red Sea to the Cape of Good Hope. At Rs 20,000/t delivered coking coal, this feedstock alone represents approximately Rs 56,000 per tonne of BF-BOF steel produced. DRI-EAF with natural gas eliminates this entirely — replacing coking coal with a fuel that has alternatives, domestic production potential, and no Suez exposure.

India’s Coking Coal Import Dependency: West Asia Freight Shock and the DRI-EAF Structural Hedge | Reclimatize.in Read More »

India’s Carbon Border Strategy: WTO Challenge, FTA Negotiation, and the Diplomatic Response to CBAM | Reclimatize.in

India has mounted a three-track response to CBAM: a formal WTO challenge arguing CBAM violates GATT national treatment obligations, a demand for CBAM-related concessions in the EU-India Free Trade Agreement negotiations, and a domestic equivalence argument through the CCTS-CBAM Article 9 deduction mechanism. Each track has different timelines, probabilities, and financial implications for Indian industrial exporters. This analysis maps all three.

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NALCO’s Decarbonisation Dilemma: The Most Exposed Aluminium Asset in the CBAM Era | Reclimatize.in

NALCO National Aluminium Company, operates India’s largest single-location smelter at Angul, Odisha, powered by a captive coal CPP at approximately 1.0 tCO₂/kWh. Its board approved a 5th smelter expansion in FY2024-25 and signed a 1,080 MW coal thermal CPP MOU with NLCIL in February 2026. At current CBAM prices, this decision locks NALCO into approximately €464 mn per year in CBAM certificate costs on its EU-exported aluminium for 25 to 30 years. This article maps the full exposure and what a credible renewable alternative looks like.

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India CCC Carbon Market: How IEX Trading Works and What Determines the Opening Price | Reclimatize.in

India’s Carbon Credit Certificate market, the compliance and offset instrument of the CCTS will trade on IEX and PXIL from mid-2026. The compliance CCC (issued to CCTS over-achievers) and the offset CCC (issued to registered offset projects) trade in the same market but with different supply characteristics. This article explains the trading architecture, what determines opening prices, and how industrial compliance officers should approach CCC procurement and banking strategy.

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