News Muncher - category 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

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

1 month, 1 week ago

Fight over including carbon border tax in agenda delays climate talks on day one

The Hindu

Developing countries, including China and India, sparred with rich nations over including "unilateral trade measures", such as the European Union's carbon border tax, in the agenda of the UN climate talks, delaying the formal start of the conference on Monday. Agenda disputes are common at UN climate conferences but this one is especially significant as countries have limited time to …

Finance India China Tax Developing Climate Finance Developing Countries

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 …

India Indian Carbon Eudr Fta Cbam Delphin

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 ago

Mobility issues, carbon tax exemption, and visas key issues in trade talks between India and the UK

Live Mint

The UK is unlikely to accept an Indian request to be exempted from a proposed carbon tax, a British daily reported, even as a four-member team of senior commerce ministry officials from New Delhi continued talks in London to try and iron out unresolved issues holding back a free trade agreement. The team, which left for the UK on 16 …

India Tax Indian British New Delhi Talks Carbon

9 months, 3 weeks ago

India expresses serious concerns in WTO meet over unilateral protectionist measures

The Hindu

India on February 26 expressed "serious" concerns in a WTO meeting in Abu Dhabi over increase in the use of trade protectionist measures by certain countries in the name of environment protection. Mr. Barhthwal "expressed serious concerns regarding the increasing use of trade protectionist unilateral measures, which are sought to be justified in the guise of environmental protection". India against …

India Trade Developing Countries Countries Official Issues Measures

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

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

The EU wants to put a tax on emissions from imports. It’s irked some other nations at COP28

Associated Press

DUBAI, United Arab Emirates — A European Union plan to tax the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries fear such tariffs will harm livelihoods and economic growth. “CBAM’s sole aim is to prevent carbon leakage” elsewhere in the …

India China Climate Tax Emissions Countries Carbon

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

'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 China Tax Emissions Countries 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

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 …

India Trade Global Trade Fta 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, 2 months ago

How carbon prices are taking over the world

Hindustan Times

If global warming is to be limited, the world must forget fossil fuels as fast as possible—that much almost everyone agrees upon. In September China’s National Climate Strategy Centre announced that its emissions-trading scheme, the largest in the world, will move from focusing only on the carbon intensity of coal power plants, to focusing on both their intensity and total …

Climate Change Europe China World Market Plants Price

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, 6 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

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Articles 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

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

Fight over including carbon border tax in agenda delays climate talks on day one

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

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

Proposed EU carbon tax protectionist, says Economic Survey

Mobility issues, carbon tax exemption, and visas key issues in trade talks between India and the UK

India expresses serious concerns in WTO meet over unilateral protectionist measures

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

Navigating the Carbon Border Adjustment Mechanism framework

The EU wants to put a tax on emissions from imports. It’s irked some other nations at COP28

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

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

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

India's trade trajectory: FTAs and beyond

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

How carbon prices are taking over the world

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