India-EU: Global dynamics
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 EU has set forth immediate targets and has brought out the ‘Fit-for-55’ package, a communication of its 2030 climate targets. Editorial | Overcoming differences: On India’s new push for stronger ties with Europe History provides several instances of conflict between domestic restrictive policies stating environmental concern and trade openness such as the Shrimp-Turtle Case and Air Transport Association of America vs Energy Secretary Case for Energy and Climate Change. According to the EU, revenue collected from CBAM will be a part of the EU’s budget, the NextGenerationEU, a recent initiative launched to provide economic support to EU member countries impacted by the COVID-19 pandemic. In 2019-20, India-EU trade accounted for ₹63.8 billion in goods, while a total of 1.9% of EU’s total trade in goods in 2020 came to India.

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History of this topic

Conclude EU-India FTA to counter forces of protectionism and transactionalism, says Portuguese Foreign Minister
1 week, 3 days ago

Conclude EU-India FTA to counter forces of protectionism and transactionalism, says Portuguese Foreign Minister

The Hindu  

An early conclusion of the India-European Union Free Trade Agreement is necessary to “counter” the global trends of protectionism and transactionalism, Portuguese Foreign Minister Paulo Rangel told The Hindu during a four-day visit to India. Mr. Rangel visited India during his first trip to Asia, just days after the European Union concluded talks for an FTA with the South American …

India, EU aiming for a mutually beneficial FTA: Piyush Goyal
1 week, 5 days ago

India, EU aiming for a mutually beneficial FTA: Piyush Goyal

Live Mint  

India and the European Union are working towards a balanced, ambitious, comprehensive and mutually beneficial free trade agreement, said the ministry of commerce and industry in a statement on Thursday. The statement said that while discussing the pact with a European Commission delegation, commerce and industry minister Piyush Goyal emphasised the need for political direction to achieve a commercially meaningful …

India strongly pushing for review of Asean-India trade pact, says Jaishankar
2 weeks, 5 days ago

India strongly pushing for review of Asean-India trade pact, says Jaishankar

Hindustan Times  

NEW DELHI: India has been pressing the Association of Southeast Asian Nations for the review of the Asean-India Trade in Goods Agreement because of concerns about its impact on the development of domestic manufacturing, external affairs minister S Jaishankar said on Thursday. External affairs minister S Jaishankar addresses the ASSOCHAM Bharat@100 Summit Fireside Chat on 'Enhancing Bharat’s global partnerships' in …

India, EU gear up for 10th round of FTA negotiations
4 weeks ago

India, EU gear up for 10th round of FTA negotiations

Hindustan Times  

Fresh momentum in India-European Union free trade negotiations has emerged against the backdrop of global uncertainties and shifting geopolitical equations after the US presidential elections, as top negotiators from both sides met in Brussels recently to prepare for the 10th round of talks. India, EU gear up for 10th round of FTA negotiations The 27-member European bloc sees India, with …

India seeks to accelerate TEPA implementation during commerce secretary’s visit to Norway
1 month ago

India seeks to accelerate TEPA implementation during commerce secretary’s visit to Norway

Live Mint  

India has intensified efforts to implement the Trade and Economic Partnership Agreement with the European Free Trade Association, with commerce secretary Sunil Barthwal embarking on a four-day trip to Norway on 22 November. The visit underscores India's push for broader global trade engagement, as TEPA offers unprecedented opportunities for Indian exports, services, and investments. The agreement, signed in March 2024 …

India-UK trade talks to focus on key tariff barriers and emerging sectors
1 month ago

India-UK trade talks to focus on key tariff barriers and emerging sectors

Live Mint  

The India-UK free trade agreement talks that are set to resume in early 2025 will focus on a range of critical areas including market access, regulatory frameworks, and tariff barriers. A successful FTA would facilitate increased trade across sectors like technology, agriculture, and manufacturing, while also deepening diplomatic ties, said Abhash Kumar, assistant professor of economics at Delhi University. India …

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

In India's FTA talks with EU, sustainability a key issue
3 months, 4 weeks ago

In India's FTA talks with EU, sustainability a key issue

Hindustan Times  

New Delhi: The European Union ’s insistence on sustainability measures such as deforestation rules and carbon tax on imports of steel, cement and hydrogen are akin to non-tariff barriers that can impede ongoing free trade negotiations with India, people aware of the development said. The next round of talks for the proposed India-EU free trade agreement is scheduled for September …

For industrial growth, green trade will matter
4 months, 3 weeks ago

For industrial growth, green trade will matter

Hindustan Times  

Finance minister Nirmala Sitharaman identified manufacturing and services, and energy security among her budget priorities. To capitalise on these priorities, India must heed developments in international trade and its growing — but increasingly complex — links with energy security, the climate crisis, and environmental regulation. India must prepare strategic responses for four kinds of trade barriers that will impact its …

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

Proposed EU carbon tax protectionist, says Economic Survey
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, U.K. to hold next round of talks on proposed trade agreement in July
5 months, 2 weeks ago

India, U.K. to hold next round of talks on proposed trade agreement in July

The Hindu  

With the new government taking charge in Britain, senior officials of India and the U.K. will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in …

India, UK to resume negotiations on free trade agreement in next few weeks: Official
5 months, 2 weeks ago

India, UK to resume negotiations on free trade agreement in next few weeks: Official

India TV News  

New Delhi: With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official told news agency PTI. The Indian industry is demanding greater access for its skilled professionals from sectors …

India, U.K. reaffirm FTA commitment at Strategic Dialogue
7 months ago

India, U.K. reaffirm FTA commitment at Strategic Dialogue

The Hindu  

India and Britain have reaffirmed their commitment to conclude a mutually beneficial free trade agreement at the annual U.K.-India Strategic Dialogue in London, as the two sides reflected the "good progress" on the 2030 Roadmap since the last review. “The two reflected on good progress on the 2030 Roadmap since the last review, noting key areas where the UK and …

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast
8 months, 3 weeks ago

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast

The Hindu  

On March 10th, India signed a free trade agreement with a group of four European nations, committing to reduce tariffs. The balance of trade heavily favours the EFTA, with India importing about $22 billion in 2023 from the bloc, while India exported only about $3 billion to the bloc. But such free trade deals have not largely helped India’s export …

Will EFTA show the way for other FTAs?
9 months ago

Will EFTA show the way for other FTAs?

Hindustan Times  

Earlier this month, India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — inked a new-generation trade agreement, the Trade and Economic Partnership Agreement. At first look, India’s agreement with the EFTA does not seem attractive given the low levels of trade and investment between the two. With India’s fast-growing export sectors, namely, electronic goods …

India-Europe's 16-year journey to historic FTA: Key things to know about pact
9 months, 2 weeks ago

India-Europe's 16-year journey to historic FTA: Key things to know about pact

Hindustan Times  

India signed a free trade agreement with a group of four European nations - Switzerland, Norway, Iceland and Liechtenstein - on Sunday, which will see a major investment of around $100 billion for New Delhi over the next 15 years. India signed the FTA with Europe's four nation trade bloc on Sunday The free trade pact between the countries is …

India signs free trade agreement with European Free Trade Association
9 months, 2 weeks ago

India signs free trade agreement with European Free Trade Association

Deccan Chronicle  

India and the four-nation European bloc EFTA on Sunday signed a free trade agreement to promote investments and boost two-way trade in goods and services.The European Free Trade Association members are Iceland, Liechtenstein, Norway, and Switzerland.The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights, trade in services, investment promotion and cooperation, government procurement, technical …

EU carbon border tax will do little to cut emissions: ADB study
9 months, 4 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 …

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman
10 months ago

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman

ABP News  

British politician and member of the Parliament, Suella Braverman, said on Saturday that India and the UK have an opportunity to collaborate and work together on the world stage. That is why the post-Brexit UK heralds a great opportunity for a UK-India trade deal, the works for both our nations to double the trade to potentially 86 billion pounds, doubling …

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI
10 months ago

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI

ABP News  

The successful finalisation of India's proposed trade agreements with the UK, Oman, and the four-nation bloc EFTA in Europe will underscore its dedication to trade liberalisation and economic integration. The report further highlighted that the three agreements with the UK, Oman, and the European Free Trade Association indicate a transition in India's preference for trade alliances from east to west. …

Parliament panel suggests govt to seek 3 years deferment on EU's carbon tax for MSMEs
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 plans to protest EU's carbon tax at WTO meeting: sources
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% …

Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation
11 months, 1 week ago

Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation

Hindustan Times  

India is likely to take the European Union to the World Trade Organisation over its proposed “restrictive” carbon tax on imports for six emission-intensive sectors on grounds that it is an “ill-conceived” idea, and has threatened to impose its own carbon tax on imports from the EU. In October 2023, the EU proposed a Carbon Border Adjustment Mechanism, under which …

Navigating the Carbon Border Adjustment Mechanism framework
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 …

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers
1 year ago

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

The Hindu  

No timeline can be given on the conclusion of talks between India and four Nordic countries of the European Free Trade Association for a Trade and Economic Partnership Agreement, said the Trade Ministers of Switzerland and Norway during a visit to Delhi. Government officials indicated that though the most recent round of talks between trade negotiators from India and the …

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week
1 year ago

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week

The Hindu  

As Trade Ministers from Switzerland and Norway visit Delhi this week, officials say they remain optimistic of reaching an agreement on a trade pact with Nordic countries in the next few months, although several outstanding issues remain and Indian trade negotiators are busy trying to close other FTAs with the U.K. and Australia. Talks about TEPA and a Bilateral Investment …

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

Can't put India and nations with high per capita emissions in same basket: European Parliament member
1 year ago

Can't put India and nations with high per capita emissions in same basket: European Parliament member

Firstpost  

India’s per capita carbon dioxide emissions rose by around five per cent last year to reach 2 tonnes of carbon dioxide but these were still less than half of the global average, according to a report released by a global team of scientists earlier this week. Clubbing India with emitters like China and the US is completely unacceptable as its …

Can't put India, other nations with high per capita emissions in same basket: European Parliament member Peter Liese
1 year ago

Can't put India, other nations with high per capita emissions in same basket: European Parliament member Peter Liese

The Hindu  

Clubbing India with emitters such as China and the U.S. is completely unacceptable as its per capita emissions are "very low", a senior official of the European Parliament said on December 9. There have been concerted attempts to club India with major emitters such as the U.S. at climate negotiations despite its low per capita emissions. The scientists said the …

'Can't put India and US, China in same basket': European Parliament official on high per capita emissions
1 year ago

'Can't put India and US, China in same basket': European Parliament official on high per capita emissions

India TV News  

A senior official of the European Parliament on Saturday said that clubbing India with high per capita emitters like the United States and China is completely unacceptable as New Delhi has "very low" emissions compared to the rest. His remarks are in reference to India's per capita emissions that remain low despite contributing significantly to the world population. India's per …

India will address EU's carbon tax issue; will retaliate if required: Goyal
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's trade trajectory: FTAs and beyond
1 year, 1 month ago

India's trade trajectory: FTAs and beyond

Live Mint  

India has been refining its global trade strategy, emphasizing a fresh outlook on Free Trade Agreements. India's readiness to face these emerging challenges will determine how well it can fulfil its ambitions of becoming an export-oriented manufacturing hub Not so long ago, India embarked on a journey to strengthen its trade relations with several nations, forging FTAs that promised mutual …

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

‘Limited benefit for India in trade deal with UK’
1 year, 2 months ago

‘Limited benefit for India in trade deal with UK’

Live Mint  

The India-UK free trade agreement is expected to yield only limited benefits for India, as many of its exports to the UK already enjoy low or zero tariffs, a new research report has said. “While textiles, apparel, footwear, agricultural products and certain other items stand to benefit from tariff reductions, substantial growth in Indian exports to the UK will ultimately …

India-UK likely to sign FTA deal by October end: Report
1 year, 2 months ago

India-UK likely to sign FTA deal by October end: Report

Live Mint  

India and the United Kingdom are expected to sign a proposed free-trade agreement deal at the end of October 2023, according to a report published by Economic Times. British Prime Minister Rishi Sunak has earlier reiterated his commitment to closer India-UK ties across different sectors, including a FTA, between the two countries. A 30-member official delegation from the UK started …

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India
1 year, 3 months ago

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India

The Hindu  

British Prime Minister Rishi Sunak on September 6 said there was “still some way to go” for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a "forward-looking" and "modern" deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. In an exclusive interview to PTI, …

International trade has a carbon problem
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 …

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 …

TTC Meet: India, EU Agree To Coordinate Policies In Strategic Semiconductor Sector In Brussels
1 year, 7 months ago

TTC Meet: India, EU Agree To Coordinate Policies In Strategic Semiconductor Sector In Brussels

ABP News  

India and the European Union have agreed to coordinate their policies in the strategic semiconductor sector with an aim to conclude an agreement by September in the first ministerial meeting of the Trade and Technology Council in Brussels. The meeting was co–chaired on the European side by Executive… pic.twitter.com/Czb84ax0a6 — ANI May 17, 2023 "The two sides will coordinate their …

India’s trade and economic ties with the EU are set to strengthen
1 year, 7 months ago

India’s trade and economic ties with the EU are set to strengthen

Live Mint  

India and the EU, as two large democratic areas, have a long history of shared values, political exchanges and common interests. The EU is India’s third largest trading partner, accounting for 10.8% of our total trade in goods. The EU is a key export market for us, and in many categories like agri-food products, India has a positive trade balance …

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

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

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

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

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

Apple continuously expanding business operations in India, says Piyush Goyal
1 year, 8 months ago

Apple continuously expanding business operations in India, says Piyush Goyal

The Hindu  

U.S.-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, Minister of Commerce and Industry Piyush Goyal has said. ‘Will protest interests of farmers, dairy sector in free trade agreement with EU’ India will completely protect the interests of farmers and dairy sector in the …

Current Regime Wants to Facilitate FTA, Says UK India Business Council Chief - News18
1 year, 8 months ago

Current Regime Wants to Facilitate FTA, Says UK India Business Council Chief - News18

News 18  

As India and the UK are scheduled to hold the next round of trade talks on April 24, some top business leaders in both the countries are of the opinion that the political turmoil in the western nation has affected the agreement to a certain extent, but now with Rishi Sunak having taken over as the Prime Minister, things are …

India’s new trade policy aims at $2tn exports by 2030
1 year, 8 months ago

India’s new trade policy aims at $2tn exports by 2030

Hindustan Times  

India on Friday announced a Foreign Trade Policy targeting $2 trillion in exports by 2030, split equally between goods and services that does not have a so-called sunset clause, and which encourages trade settlements in rupees. Expressing confidence in Indian industry after launching the FTP 2023, Union commerce minister Piyush Goyal said any ambitious target could be achieved provided “we …

Watch | Business Matters | How can EU’s carbon tax hurt India?
1 year, 9 months ago

Watch | Business Matters | How can EU’s carbon tax hurt India?

The Hindu  

The European Union had in July last formalised a method to stop ‘carbon leakage’ or moving production of high-polluting products to nations outside of the EU in its bid to go green. An article at the World Economic Forum website says: “CBAM will initially cover several specific products in some of the most carbon-intensive sectors at risk of “carbon leakage”: …

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