European Union official seeks to allay India’s concerns on ‘carbon tax’
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 carbon-intensive goods making their way into the EU at the expense of domestically manufactured products that have been manufactured using costlier, renewable energy. To check such leakage, the EU brought into force this month the CBAM that, after 2026, will require EU companies to annually declare the quantity of goods imported into the EU in the preceding year and their embedded greenhouse gas emissions and effectively pay for excessive emissions via CBAM certificates that could reflect as taxes paid by importers to the EU. The CBAM will initially apply to imports of certain goods and selected precursors whose production is carbon-intensive and at most significant risk of carbon leakage: cement, iron and steel, aluminium, fertilizers, electricity and hydrogen.

History of this topic

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
2 weeks, 5 days ago
India, EU gear up for 10th round of FTA negotiations
3 weeks, 6 days ago
COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions
1 month, 1 week ago
Cause and Effect | COP29 opens with divisions over Europe’s carbon border tax and climate financing
1 month, 1 week ago
In India's FTA talks with EU, sustainability a key issue
3 months, 4 weeks ago
EU suggests India implement own carbon tax mechanism, says minister Goyal
4 months, 3 weeks ago
Proposed EU carbon tax protectionist, says Economic Survey
5 months ago
Govt should rationalise customs duty in budget to boost domestic manufacturing: Industry body
5 months, 1 week ago
EU carbon border tax will do little to cut emissions: ADB study
9 months, 3 weeks ago
Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs
10 months, 1 week ago
Parliament panel suggests govt to seek 3 years deferment on EU's carbon tax for MSMEs
10 months, 2 weeks ago
India plans to protest EU's carbon tax at WTO meeting: sources
10 months, 2 weeks ago
Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation
11 months ago
Navigating the Carbon Border Adjustment Mechanism framework
11 months, 2 weeks ago
At COP28, Indian industry leaders welcome EU’s carbon tax on imports
1 year ago
The European Union’s carbon tax is a bad idea
1 year ago
'Can't put India and US, China in same basket': European Parliament official on high per capita emissions
1 year ago
India will address EU's carbon tax issue; will retaliate if required: Goyal
1 year ago
Levying border adjustment tax to meet green commitments morally wrong: Nirmala Sitharaman
1 year ago
CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal
1 year, 1 month ago
International trade has a carbon problem
1 year, 6 months ago
India to contest EU carbon levy, says steel secretary
1 year, 6 months ago
Explained | What is the EU’s carbon border adjustment mechanism?
1 year, 7 months ago
India, E.U. Discuss E.U. Carbon Border Tax in Brussels
1 year, 7 months ago
Green crosshairs: The Hindu Editorial on the impact of the European Union’s Carbon Border Adjustment Mechanism
1 year, 7 months ago
EU's carbon tax to help exporters achieve ne zero much ahead of 2070
1 year, 7 months ago
Centre looks into options to counter EU’s carbon tax plan
1 year, 7 months ago
Explained | Why is the EU’s carbon border tax worrying other countries including India?
1 year, 7 months ago
Watch | Business Matters | How can EU’s carbon tax hurt India?
1 year, 9 months ago
Editor’s Pick | At COP-27, India and three others oppose ‘carbon border tax’
2 years, 1 month ago
COP27 | India, China, Brazil, South Africa oppose ‘carbon border tax’
2 years, 1 month ago
Nicholas Stern on India's road to become a developed economy and more
2 years, 5 months ago
India-EU: Global dynamics
2 years, 5 months ago
European Union carbon tariffs could spell trouble for Australian commodities, experts say
3 years, 5 months ago
EU proposes world’s 1st carbon border tax for some imports
3 years, 5 months ago
India will oppose ‘unfair’ carbon border tax plans at COP26
3 years, 5 months ago
India’s challenge of scaling Europe’s carbon wall
4 years, 3 months ago

Discover Related