New Delhi, Oct. 12 -- India and the European Union have agreed to strengthen technical cooperation on carbon markets, including carbon pricing mechanisms and monitoring systems, as both sides discussed the implementation of the EU's Carbon Border Adjustment Mechanism (CBAM), the Ministry of Power said on Monday.

The discussions took place during a bilateral meeting between Pankaj Agarwal, Secretary in the Ministry of Power, and Gerassimos Thomas, Director-General for Taxation and Customs Union at the European Commission, in New Delhi.

The two sides expressed willingness to continue technical engagement on the recognition of carbon pricing mechanisms, monitoring, reporting and verification (MRV) systems, and capacity building. They also ...