Tax Consequences Of Carbon Credits In India And Abroad

Introduction : Carbon credits are essentially certificates that represent one tonne of greenhouse gas emissions either avoided or removed. They're bought and sold on carbon markets — some government-run, like the EU ETS, others voluntary — and they work a bit like shares in a company: instead of a right to profits, you're trading a right to emit (or a right to claim you've offset emissions). And just as trading stocks can trigger tax liabilities, trading carbon credits should too, at least in...