Why India should consider a higher carbon price to match Europe

By Mathew Carr

July 27, 2023 — The challenge with allowing India to have a lower carbon price (as suggested in the Indian Express linked below) is that a lower price will deter investors that want their clean investments protected by a HIGH carbon price … the investment will keep flowing to oecd countries if India’s co2 level isn’t high enough to encourage green hydrogen, for instance.

#India should see the higher co2 price under CBAM (see below) as an opportunity because it will mean it ends up with a cleaner, more modern economy AND have extra revenue (from selling co2 allowances) to protect its many vulnerable people.
It’s crucial India installs protection for poor people.
Rich people / corporations must pay the full cost of ALL their climate damage, which will provide funds to help the vulnerable.
Yes the EU should treat India with extra respect because of its low emissions per capita
CBAM: EU’s carbon border adjustment mechanism coming in gradually …starting in October