Article 6
On UPSC.wiki
Current affairsUK Recognises India's Carbon Credit Trading Scheme (CCTS) Under UK CBAM — A Climate and Trade MilestoneThe United Kingdom's HM Treasury has officially recognised India's Carbon Credit Trading Scheme (CCTS) as a qualifying carbon-pricing mechanism under its Carbon Border Adjustment Mechanism (CBAM), effective ahead of the UK CBAM's full launch on January 1, 2027. Indian exporters of steel and aluminium to the UK can now claim carbon-price relief, avoiding double taxation on emissions already priced domestically under CCTS — a major win for India's climate diplomacy and export competitiveness. Current affairsUNEP "Limiting Overshoot" Report 2026: World Set to Breach 1.5°C — Paris Agreement Pathways and India's Climate ObligationsUNEP's "Limiting Overshoot" report (September 2026) declares that breaching the 1.5°C Paris Agreement warming threshold is now unavoidable in the near term. Without enhanced action, global temperatures could reach 2.6°C by 2100, but an "overshoot-peak-decline" pathway can return temperatures below 1.5°C through aggressive emissions cuts and large-scale carbon dioxide removal.