Denversolarblog

 India has proposed cutting its tariff gap with the United States by nearly two-thirds — reducing it from around 13% to under 4% — in an effort to secure an exemption from President Donald Trump’s current and potential tariff hikes, according to two sources familiar with the matter. Both countries are pushing hard to finalize a trade agreement. If accepted, this move would lower the average tariff differential between India and the U.S. by 9 percentage points. This figure is calculated across all goods, without adjusting for trade volume, marking one of the most significant efforts to reduce trade barriers in India, the world’s fifth-largest economy. The U.S. is India’s largest trading partner, with bilateral trade reaching approximately $129 billion in 2024. Currently, India enjoys a trade surplus of $45.7 billion with the U.S., a key point of discussion in the negotiations. On Thursday, Trump announced his administration’s first “breakthrough deal” with Britain, which reduces ...

 The Department of Economic Affairs (DEA), under the Ministry of Finance, has released a draft framework for developing India’s Climate Finance Taxonomy , inviting public feedback until June 25. This draft lays out the principles, objectives, and methodology for categorizing climate-aligned activities, projects, and technologies. It aims to channel more resources toward climate-friendly initiatives while aligning with India’s development goals, including the vision of ‘Viksit Bharat’ by 2047. According to the official release, the taxonomy will serve as a strategic tool to classify and prioritize investments that support India’s climate goals and its journey toward net-zero emissions by 2070. It is also designed to ensure access to affordable and reliable energy in the long term. India's commitment to climate action is demonstrated through its Nationally Determined Contributions (NDCs) and its pledge to achieve net-zero emissions by 2070. To meet these targets, India will require...

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