The New Delhi Consensus: How the BRICS Rejection of CBAM Could Alter India’s Trade Strategy

The XVIII BRICS Summit in New Delhi delivered a unanimous rejection of unilateral climate trade barriers like the EU Carbon Border Adjustment Mechanism (CBAM). By unifying the Global South against Western border tariffs, the New Delhi Declaration shifts India’s response from defensive compliance to aggressive diplomatic negotiation. For Indian steel and aluminium exporters, this geopolitical posture directly impacts how domestic carbon costs, specifically the impending Carbon Credit Trading Scheme (CCTS) might be leveraged to offset European border levies.

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Viksit Bharat 2047 and Industrial Decarbonisation: What Developed-Country Ambition Means for Steel, Aluminium and Fertilisers | Reclimatize.in

Viksit Bharat 2047 commits India to developed-country-equivalent per-capita income by its independence centenary. Achieving that target requires tripling steel production, quadrupling aluminium use, and sustaining 6–8% GDP growth annually through 2047. The industrial decarbonisation question is whether 21 years of high-growth industrial expansion can be reconciled with India’s net-zero 2070 commitment and 2035 NDC carbon intensity reduction targets. This analysis maps the pathway and what it means for industrial investment decisions being made today.

Viksit Bharat 2047 and Industrial Decarbonisation: What Developed-Country Ambition Means for Steel, Aluminium and Fertilisers | Reclimatize.in Read More »

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