India, Sept. 12 -- BRICS leaders at the New Delhi Summit backed a BRICS Carbon Markets Partnership to share expertise, build capacity and link carbon markets with climate finance, while firmly opposing unilateral CBAMs by the EU and UK.

India's CCTS gaining UK recognition highlights both new export competitiveness opportunities and compliance challenges, especially for MSMEs facing demanding measurement and verification rules.

The BRICS countries have backed greater cooperation on carbon markets, including implementation of a BRICS Carbon Markets Partnership, while opposing unilateral carbon border adjustment mechanisms (CBAMs).

This follows India's Carbon Credit Trading Scheme (CCTS) gaining recognition under the United Kingdom's emer...