News Muncher - searching for cbam

2 weeks, 5 days ago

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

New Delhi, Dec 4 India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. "However, India has seen limited success so far in capturing the China Plus One strategy so far," said the report - 'Trade …

India China Cbam China Plus China Plus One Limited Success

1 month, 1 week ago

COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions

The Hindu

India has voiced its disapproval of “protectionist” measures that link trade barriers and carbon emissions, at the ongoing climate talks in Baku, Azerbaijan. “A regime of unilateral trade measures on climate change,” India stated on Friday, “imposes the cost of the transition to low-carbon economies on developing and low-income countries. Circular evasions Neither the BASIC proposal nor India’s statement explicitly …

India China Climate Carbon Measures Carbon Emissions Cbam

1 month, 1 week ago

What does Donald Trump mean for COP29?

Firstpost

His return not only threatens to disrupt the COP29 but derail overall global initiatives to attenuate the climate crisis precipice becoming irreversible The simmering speculations on the impact of Donald Trump’s return to White House are driving the tone and tenor of the ongoing 2024 annual summit of the United Nations Framework Convention for Climate Change or the 29th Conference …

Global Climate Change China Climate Trump White House Mexico

1 month, 1 week ago

Cause and Effect | COP29 opens with divisions over Europe’s carbon border tax and climate financing

Hindustan Times

The UN Conference of Parties Summit began in Baku, Azerbaijan on Monday, the second year in a row that an oil-producing nation has held the presidency. From the EU’s perspective, the mechanism was aimed at “levelling the playing field” for its firms that operate under the EU’s Emissions Trading System and pay a domestic carbon price to cushion them from …

Global Trade Climate Developing Countries Countries Unctad Carbon

4 months, 3 weeks ago

EU suggests India implement own carbon tax mechanism, says minister Goyal

Live Mint

New Delhi: Amid ongoing free trade agreement negotiations, the European Union has suggested that India create its own carbon tax mechanism instead of paying into the EU's Carbon Border Adjustment Mechanism, commerce and industries minister Piyush Goyal said on Tuesday. "They are very keen to pursue that and they have offered that India could, instead of paying CBAM tax to …

India Chinese Carbon Goyal Cbam Eu Suggests

5 months ago

Proposed EU carbon tax protectionist, says Economic Survey

The Hindu

Echoing the Centre’s concerns on “protectionism”, the Economic Survey has noted that the forthcoming Carbon Border Adjustment Tax mooted by the European Union “went against the spirit of the Paris Agreement.” The Carbon Border Adjustment Mechanism, as it is called, are tariffs that will apply on energy-intensive goods imported into the European Union. This is to ensure that local manufacturers …

India Cbam Border Adjustment

8 months, 3 weeks ago

Carbon accounting needs to be brought up to scratch

China Daily

An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. China's carbon footprint accounting system for products is still in its infancy and faces significant challenges in addressing the CBAM. Enterprises often tend to choose simple and inexpensive carbon footprint accounting rather than building their own complete and accurate data accounting system. China needs to build a …

China Accounting Carbon System Footprint Enterprises Carbon Footprint Accounting

9 months, 3 weeks ago

EU carbon border tax will do little to cut emissions: ADB study

The Hindu

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 said in a report published on Monday. The Carbon Border Adjustment Mechanism was introduced to address concerns that the outsourcing of manufacturing had put large parts of the …

India Europe Asia Carbon Adb Ets Cbam

10 months, 2 weeks ago

Parliament panel suggests govt to seek 3 years deferment on EU's carbon tax for MSMEs

The Hindu

India should seek deferment on imposition of carbon tax by the European Union on engineering sector's MSMEs by three years as domestic manufacturers may not have the financial resources to counter the duty, according to a parliamentary panel's report. The department related parliamentary standing committee on commerce's report — Comprehensive Strategy to Map Major Products and Countries to Maximize Exports …

India Carbon Parliament Msme Carbon Tax Tax Cbam Committee Suggests

10 months, 2 weeks ago

India plans to protest EU's carbon tax at WTO meeting: sources

The Hindu

India plans to protest the European Union's proposed carbon tax on imports of steel, iron ore and cement at the next meeting of World Trade Organization later this month, saying it would emerge as a new trade barrier, two Government sources said. India had earlier decided to file a complaint in the WTO over the EU's proposal to impose 20-35% …

India Carbon Wto

11 months, 2 weeks ago

Navigating the Carbon Border Adjustment Mechanism framework

The Hindu

A concerning development for India is the European Union ’s Carbon Border Adjustment Mechanism. The Commerce and Industry Minister said recently that the proposed carbon tax on imports is an “ill-conceived” move that would become the “death knell” for India’s manufacturing sector. The CBAM is intended to work like the EU’s Emission Trading System, which sets a cap on the …

India Emissions Carbon Phase Industries Ghg Cbam

1 year ago

At COP28, Indian industry leaders welcome EU’s carbon tax on imports

The Hindu

“We welcome CBAM.” Indian industry representatives have echoed this at the United Nation’s 28th Conference of Parties referring to Europe’s new carbon tax launched last October. Simply put, it’s a carbon tax on the imports of carbon-intensive sectors, initially like iron and steel, cement, fertiliser and aluminium depending on the carbon emissions emitted during the manufacturing process. So those are …

Europe Market Tax Steel Emissions Carbon European

1 year ago

India will address EU's carbon tax issue; will retaliate if required: Goyal

The Hindu

India will address the issue of the European Union's plan to impose a carbon tax on certain imported goods, Commerce and Industry Minister Piyush Goyal on Friday said, adding that "I will retaliate" if required. Citing an example of Mumbai's Brihanmumbai Electric Supply and Transport, Mr. Goyal said it was a perpetually loss-making body, but they are now moving to …

India Vehicles Country Electric Carbon Goyal Cbam

1 year, 1 month ago

CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal

The Hindu

NEW DELHI The European Union’s proposed Carbon Tax on imports is an ‘ill-conceived’ move that would become the “death knell” for its manufacturing sector, Commerce and Industry Minister Piyush Goyal asserted on Thursday, adding that even if the plan that is set to kick in from 2026 isn’t eventually abandoned, India would neutralise it by levying its own carbon tax. …

India Europe Tax Carbon European Goyal Cbam

1 year, 6 months ago

International trade has a carbon problem

The Hindu

The European Union’s key climate law, the Carbon Border Adjustment Mechanism, has spooked India. However, the EU’s concern is that while it has a mechanism for its domestic industries, emissions embedded in products imported from other countries may not be priced in a similar way due to a lack of stringent policies or due to less stringent policies in those …

India Trade International Trade Emissions Countries Carbon Wto

1 year, 6 months ago

India to contest EU carbon levy, says steel secretary

Live Mint

India plans to challenge certain provisions of the European Union’s Carbon Border Adjustment Mechanism as the government is concerned about its impact on steel exports from India, steel secretary Nagendra Nath Sinha said. With the rapid growth of steel imports from Japan, Korea, China and Russia, will the government look at restoring import duty on steel products to levels that …

India Europe Indian Prices Imports Sinha Green Steel

1 year, 6 months ago

European Union official seeks to allay India’s concerns on ‘carbon tax’

The Hindu

The Carbon Border Adjustment Mechanism is not intended to be “protectionist” and only meant to avoid the problem of ‘carbon leakage,’ said Frans Timmermans, European Union’s chief climate negotiator, in an interaction with reporters on Friday. The only thing we will do to protect our industry is to avoid unfair competition on carbon footprint.” ‘Carbon leakage,’ refers to cheaper, more …

India Indian Carbon Cbam Steel Aluminium

1 year, 7 months ago

Explained | What is the EU’s carbon border adjustment mechanism?

The Hindu

The story so far: On May 10, co-legislators at the European Commission signed the Carbon Border Adjustment Mechanism. It has been described as a “landmark tool” to put a “fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries.” The reporting system under …

India Countries Carbon European Sectors Ets Cbam

1 year, 7 months ago

India, E.U. Discuss E.U. Carbon Border Tax in Brussels

The Hindu

India and the E.U. are working to resolve a looming issue in their trade relationship — the E.U.’s Carbon Border Adjustment Mechanism, with the two sides discussing it during a Minister-level meeting in Brussels on May 15 and May 16. is India’s second-largest trading partner and India’s second-largest export market. has proposed carbon taxes, of which the two sectors where …

India Brussels Trade Tax Minister Carbon Goyal

1 year, 7 months ago

Green crosshairs: The Hindu Editorial on the impact of the European Union’s Carbon Border Adjustment Mechanism

The Hindu

Starting this October, the European Union proposes to introduce a framework for levying a carbon tax on imports of products that rely on non-green or sub-optimally sustainable processes and where carbon emissions are deemed to have not been adequately priced. This Carbon Border Adjustment Mechanism will begin with an import monitoring mechanism and culminate in the levy of duties as …

India Carbon Cbam

1 year, 7 months ago

EU's carbon tax to help exporters achieve ne zero much ahead of 2070

Deccan Chronicle

Chennai: Despite the initial concerns about the impact on the MSME sector, the European Union’s carbon border tax will help export-centric sectors achieve net zero much ahead of the government deadline. The European Union intends to bring down carbon emissions in a phased manner in order to become a net-zero emitter of greenhouse gases by 2050, ahead of 2070 when …

Carbon Msme Carbon Border Tax

1 year, 7 months ago

Centre looks into options to counter EU’s carbon tax plan

The Hindu

The Commerce Ministry is exploring various options to cope with the European Union’s decision to introduce a Carbon Tax, including retaliatory tariff measures, a challenge at the World Trade Organisation and measures to help smaller Indian exporters, a top trade official said. The EU plans to introduce a Carbon Border Adjustment Mechanism that will entail a monitoring mechanism for imports …

India

1 year, 7 months ago

Explained | Why is the EU’s carbon border tax worrying other countries including India?

The Hindu

The story so far: The 27-member European Union has been ramping up its climate action efforts with the European Parliament, the bloc’s legislative body, adopting a rapid pace in climate negotiations. Along with this phasing out of free carbon allowances, the EU will phase in another ambitious and first-of-its-kind policy— the Carbon Border Adjustment Mechanism, aimed at levelling the playing …

India Climate Change China Trade Climate Tax Border

2 years, 5 months ago

India-EU: Global dynamics

The Hindu

With carbon neutrality being the byword to a sustainable world, a host of countries — Norway, Sweden, the United Kingdom, France, Spain, Japan, Germany, Canada, Costa Rica, the United States, Brazil, India, and China among others — have set for themselves net-zero targets for the middle and later part of the century. CBAM: carbon-pricing system To attain carbon neutrality, the …

India Developing Countries Countries Carbon Cbam Eu Trade

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Search results for cbam

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions

What does Donald Trump mean for COP29?

Cause and Effect | COP29 opens with divisions over Europe’s carbon border tax and climate financing

EU suggests India implement own carbon tax mechanism, says minister Goyal

Proposed EU carbon tax protectionist, says Economic Survey

Carbon accounting needs to be brought up to scratch

EU carbon border tax will do little to cut emissions: ADB study

Parliament panel suggests govt to seek 3 years deferment on EU's carbon tax for MSMEs

India plans to protest EU's carbon tax at WTO meeting: sources

Navigating the Carbon Border Adjustment Mechanism framework

At COP28, Indian industry leaders welcome EU’s carbon tax on imports

India will address EU's carbon tax issue; will retaliate if required: Goyal

CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal

International trade has a carbon problem

India to contest EU carbon levy, says steel secretary

European Union official seeks to allay India’s concerns on ‘carbon tax’

Explained | What is the EU’s carbon border adjustment mechanism?

India, E.U. Discuss E.U. Carbon Border Tax in Brussels

Green crosshairs: The Hindu Editorial on the impact of the European Union’s Carbon Border Adjustment Mechanism

EU's carbon tax to help exporters achieve ne zero much ahead of 2070

Centre looks into options to counter EU’s carbon tax plan

Explained | Why is the EU’s carbon border tax worrying other countries including India?

India-EU: Global dynamics