U.K. recognises India's carbon credit scheme under its carbon tax mechanism

The United Kingdom has officially recognised India's carbon credit scheme under its carbon tax mechanism, according to an official statement. This recognition allows India's carbon credits to be utilised within the U.K.'s carbon pricing system.

The move represents a step forward in bilateral climate cooperation between the two nations. It enables Indian entities to participate in the U.K.'s carbon market framework through the acceptance of India's domestic carbon credit scheme.