Articles for Carbon Tax

India, EU gear up for 10th round of FTA negotiations
1 month, 2 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 Trade European Fta Carbon Tax Fta Negotiations 10Th Round
Justin Trudeau’s allies turn against him over carbon tax
9 months, 1 week ago

Justin Trudeau’s allies turn against him over carbon tax

The Telegraph  

Justin Trudeau’s political allies have turned on him over his “net zero” tax policy, as his Liberal Party slumps in the polls. The Canadian prime minister is facing a rebellion within his own party over the unpopular 23 per cent carbon tax rises, which will see drivers charged more for fuel from Monday. As things stand, Mr Trudeau’s Liberal Party …

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Parliament panel suggests govt to seek 3 years deferment on EU's carbon tax for MSMEs
11 months 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
Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation
11 months, 3 weeks 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 …

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At COP28, Indian industry leaders welcome EU’s carbon tax on imports
1 year, 1 month 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 …

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The European Union’s carbon tax is a bad idea
1 year, 1 month ago

The European Union’s carbon tax is a bad idea

New Indian Express  

Union finance minister Nirmala Sitharaman recently minced no words in admonishing the European Union for its decision to unilaterally impose a ‘carbon tax’ on all carbon-intensive goods entering the region. Union Commerce Minister Piyush Goyal said India would retaliate against unfair carbon taxes. As the date for the imposition of a carbon tax is coming closer—the tax comes into effect …

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India will address EU's carbon tax issue; will retaliate if required: Goyal
1 year, 1 month 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
Levying border adjustment tax to meet green commitments morally wrong: Nirmala Sitharaman
1 year, 1 month ago

Levying border adjustment tax to meet green commitments morally wrong: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday said any move on imposition of cross-border adjustment tax by developed countries to meet their green commitments is morally wrong and goes against the interest of developing countries of 'Global South'. "The single mono-sided decision of imposition of border adjustment tax.the logic just goes against the concern of the Global South. "But cross-border imposition …

Sitharaman Carbon Tax Green Commitments Border Adjustment Tax
CBAM will kill EU manufacturing, India will have its own carbon taxes: Goyal
1 year, 2 months 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
India Should Adopt Calibrated Retaliation Mechanism In Reply To EU’s Carbon Tax, Says GTRI
1 year, 3 months ago

India Should Adopt Calibrated Retaliation Mechanism In Reply To EU’s Carbon Tax, Says GTRI

ABP News  

India should contemplate levying custom duties on certain EU goods in retaliation for the carbon tax being imposed by the European Union on imports of certain sectors, a report by GTRI said on Wednesday. The report by the Global Trade Research Initiative suggested that India should adopt these duties in response to the EU’s carbon taxation on specific imports. It …

Global India Trade Tax Products Indian Report
Bhutan to triple tourist tax to $200 when it reopens
2 years, 5 months ago

Bhutan to triple tourist tax to $200 when it reopens

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bhutan is raising its government “tourism tax” by more than 300 per cent ahead of the …

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Carbon Comes At A Cost
3 years, 3 months ago

Carbon Comes At A Cost

Live Law  

Post the 2015 Paris Climate Agreement, there is a growing pressure on states to shift to a low-carbon economy. Climate change is being recognized as the greatest global threat, and with China, the world's largest carbon dioxide emitter, taking the world by surprise by pledging to stop releasing carbon emissions by 2060, onus lies on the USA and India, countries …

India Climate Change China Market Climate Trading Price
G20 finance chiefs back global tax crackdown
3 years, 6 months ago

G20 finance chiefs back global tax crackdown

Live Mint  

Finance chiefs of the G20 club of large economies have backed a landmark move to stop multinationals shifting profits into low-tax havens and win back hundreds of billions of dollars in lost revenues, a draft communique showed. Geoffrey Okamoto, First Deputy Managing Director of the International Monetary Fund, called it a "net win for the world" but said work was …

World Tax Venice G20 Countries End Imf
America’s most powerful oil lobby is changing its tune on a carbon tax
3 years, 9 months ago

America’s most powerful oil lobby is changing its tune on a carbon tax

CNN  

New York CNN Business — The oil industry’s most powerful lobbying group announced Thursday that for the first time it will support setting a price on carbon, a significant shift that underlines intensifying pressure on Washington and business to tackle the climate crisis. It’s not as if we would support any carbon tax or cap-and-trade program that is slapped onto …

Climate Change Support Change Climate Tax Pricing Washington
Should we reject or embrace new carbon taxes?
3 years, 11 months ago

Should we reject or embrace new carbon taxes?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government has reportedly considered introducing new “carbon taxes” as part of the plan to …

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Energy Minister Angus Taylor said greenhouse gas emissions have turned around by 1.1 billion tonnes under the Coalition. Is he correct?
5 years, 9 months ago

Energy Minister Angus Taylor said greenhouse gas emissions have turned around by 1.1 billion tonnes under the Coalition. Is he correct?

ABC  

The claim The Morrison Government has for months argued Australia is on track to meet its international greenhouse gas emissions abatement targets "in a canter". In an interview on ABC's Insiders, Energy Minister Angus Taylor said when the Coalition came to power it inherited a 755 million tonne emissions "deficit" needed to reach Australia's second Kyoto target because Labor "hadn't …

Fact Check Energy Labor Climate Change Energy Efficiency Australia Coalition
Labor climate change policy proposes tax breaks for businesses to buy electric cars
5 years, 9 months ago

Labor climate change policy proposes tax breaks for businesses to buy electric cars

ABC  

Businesses would be given tax breaks to buy electric cars under a Labor Party plan to curb pollution and massively increase the number of battery-powered vehicles on Australian roads. Key points: Bill Shorten will announce Labor's climate change policy aimed at cutting emissions by 45 per cent by 2030 He will confirm Labor will not use carry-over carbon credits, a …

Climate Change Change Cars Emissions Plan Target Electric Cars
Rep. John Delaney: A 2020 candidate you haven't heard about — and he's worth hearing
5 years, 9 months ago

Rep. John Delaney: A 2020 candidate you haven't heard about — and he's worth hearing

Salon  

John Delaney is not just another of the seemingly dozens of Democrats running for president in 2020. If you keep moving the goal posts, that's not how you make progress, so, I mean, I just think that, people, they're going to get there. In fact, his attorney general gave testimony to the U.S. Senate where he said they're observing a …

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More backing for climate change plans after ministers' carbon tax u-turn
5 years, 9 months ago

More backing for climate change plans after ministers' carbon tax u-turn

Dutch News  

The Dutch have become more open to the government’s plans to tackle climate change since the decision to include a carbon tax for heavy industry in the package, according to a survey by I&O Research on behalf of the AD. Some 33% now say they are positive about the government’s strategy, compared with 25% three weeks ago, before the u-turn …

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Justin Trudeau fights carbon tax backlash from conservatives and liberals over climate change policy
6 years, 1 month ago

Justin Trudeau fights carbon tax backlash from conservatives and liberals over climate change policy

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. That’s the sad and simple truth.” When Mr …

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