Analyst-grade research on India’s industrial decarbonisation.
Fifty-eight articles across five sectors — covering steel decarbonisation economics, aluminium’s electricity-driven CBAM exposure, fertiliser green hydrogen pathways, freight electrification, and the power sector transition. CBAM and CCTS analysis is woven into each sector’s coverage rather than siloed separately. All analysis based on publicly available information, primary regulatory data, and independent interpretation. All data points sourced and linked.
across five sectors
tracked continuously
cut — India 2035 NDC
India’s CCTS · 9 sectors
2030 target met early
tracked continuously
The Hormuz Choke: What the West Asia War Is Doing to India’s Five Hard-to-Abate Industries — Right Now
Hormuz shipping is down 97% from normal volumes. 230 loaded oil tankers remain waiting inside the Gulf — the ADNOC CEO confirmed the Strait is still not open despite a ceasefire. India’s HRC steel has reached Rs 59,500/t, a three-year peak. Urea is up 50% globally. Force majeure declared at Gulf aluminium smelters. JSW Steel received a force majeure notice from its LNG supplier. Goldman Sachs has cut India’s 2026 GDP forecast from 7% to 5.9%.
Read the live sector-by-sector assessment →Sep 2027 · First declaration due
The EU Carbon Border Adjustment Mechanism entered its financially live definitive period on 1 January 2026. The first annual declaration is due 30 September 2027. This cluster covers the mechanism’s structure, the operational compliance process, India’s WTO challenge, the downstream expansion to 2028, the India-EU FTA dimension, and sector-specific cost and strategy implications for steel, aluminium, fertilisers, and the broader trade policy response.
9 sectors · FY2025-26 live
India’s Carbon Credit Trading Scheme is the most significant domestic climate market instrument launched since the PAT scheme. With 740 obligated entities across nine sectors and the first compliance years running, the CCTS is creating compliance obligations and CCC trading opportunities simultaneously. This cluster covers the scheme’s structure, the CCTS-CBAM offset deduction, MRV operations, enforcement, the voluntary offset mechanism, the June 2026 compliance deadline, and what the buy-bank-sell decision means for compliance officers.
300 MMT capacity target 2030
India’s steel sector faces simultaneous pressure from CBAM on the export side, CCTS domestically, and the structural imperative to decarbonise a production base that is 77% BF-BOF. This cluster covers the Green Steel Taxonomy, H₂-DRI economics, CBAM compliance operations, the scrap-EAF opportunity, the blast furnace reline-or-retire decision, the EAF vs BF-BOF full cost comparison, and the climate finance taxonomy implications for steel CFOs.
~80% emissions from coal CPP
Aluminium is the sector where decarbonisation is almost entirely an electricity question. CBAM covers both Scope 1 and Scope 2, making electricity source the decisive competitive variable. CCTS targets are plant-level and drawn from the Official Gazette. This cluster covers the coal CPP vs renewable economics, open access procurement, CCTS compliance strategy, secondary aluminium’s CBAM advantage, and the RE investment case for Indian smelters.
₹1.68 lakh crore subsidy bill
India’s fertiliser sector is simultaneously the most exposed sector under the West Asia war shock and the sector with the clearest long-run decarbonisation pathway through green hydrogen. This cluster maps the HPO framework, the green ammonia export opportunity under CBAM, N₂O abatement under CCTS, the CO₂ feedstock economics of urea decarbonisation, and the Rs 40,000-per-tonne subsidy paradox that defines the sector’s structural tension.
Coal fell 3% in 2025 · first since 1973
India crossed 52.57% non-fossil installed power capacity in February 2026 — exceeding its earlier 2030 target five years ahead of schedule. Coal generation fell 3% in 2025, the first structural decline since 1973. This cluster covers the GEF and its CCTS Scope 2 implications, the REC market and CERC 2026 amendments, CCC trading mechanics, the Green Energy Open Access Rules 2022, RCO/RPO obligations, the REC-CCTS boundary, and the power sector transition trajectory.
Dedicated Freight Corridors live
Rail is 80% electrified and effectively insulated from the Hormuz shock. Road freight is the harder problem — diesel-dependent, fragmented, and without a clear near-term electrification pathway at the scale India needs. The West Asia war has widened the electric-rail cost advantage over road sharply. This cluster covers the Dedicated Freight Corridors’ economics and carbon case, the modal shift decision for industrial shippers, and the electric truck transition for captive fleets.
NDC · RCO · Policy
Articles that cut across multiple sectors — covering India’s competitive decarbonisation position versus China and other emerging markets, financing mechanisms for industrial decarbonisation, RCO obligations and their cost implications, the 2035 NDC, and the structural implications of the West Asia war for India’s industrial economy.
We write for people who read the gazette notifications.
We track what comes out of BEE, MNRE, MoEFCC, CEA, CERC, and DG TAXUD — and translate notifications into what they mean for each sector, rather than just summarising them. All data points are sourced and linked to primary regulatory documents.
Independent research on India’s industrial decarbonisation. All analysis draws on publicly available information. No sponsored research, no investment advice — period.
We read Official Gazette notifications, EU implementing regulations, CEA publications, and BEE circulars — not secondary summaries — and translate them into sector-level production economics.
We calculate open access landed costs using actual tariff orders. We track how power tariffs, fuel prices, and open-access economics change production costs across the five sectors. State-by-state, not national averages.
We calculate CBAM and CCTS costs using live EU ETS prices and verified emission intensities. We use GEI targets from the Official Gazette, not industry estimates. Numbers a CFO can take into a board review.
We connect energy markets and carbon policy to what they mean for capital allocation and competitive positioning — and track how geopolitical shocks like the West Asia war change the economics of every decarbonisation investment in real time.