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European Union’s Carbon Border Adjustment Mechanisms require importers of carbon-intensive products, consisting of iron and steel, aluminium, cement, fertilisers, hydrogen and electricity, to account for the carbon emissions associated with their production. | Photo Credit: Getty Images/iStockphoto BRICS countries on Tuesday (August 18, 2026) opposed what they described as “unilateral, punitive, discriminatory and protectionist” climate…
Image for representational purposes only, | Photo Credit: Getty Images BRICS countries on Tuesday (August 18, 2026) opposed what they described as “unilateral, punitive, discriminatory and protectionist” climate measures, including the European Union’s Carbon Border Adjustment Mechanisms (CBAMs), while calling for a significant increase in international funding to help developing countries adapt to climate change….
Image for representational purposes only. | Photo Credit: Getty Images Echoing the Centre’s concerns on “protectionism”, the Economic Survey has noted that the forthcoming Carbon Border Adjustment Tax (CBAT) mooted by the European Union “went against the spirit of the Paris Agreement.” The Carbon Border Adjustment Mechanism (CBAM), as it is called, are tariffs that…
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A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday, February 26. | Photo Credit: AP A European Union plan to impose tariffs on high-carbon…
Read More “EU carbon border tax will do little to cut emissions: ADB study” »
The EU has decided to impose carbon tax — CBAM — from January 1, 2026 on seven carbon-intensive sectors, including steel, cement, and fertiliser. | Photo Credit: PTI India should seek deferment on imposition of carbon tax by the European Union (EU) on engineering sector’s MSMEs by three years as domestic manufacturers may not have…
Read More “Parliament panel suggests govt to seek 3 years deferment on EU’s carbon tax for MSMEs” »