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India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
2 weeks, 6 days ago

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

Live Mint  

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 …

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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 …

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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 …

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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 …

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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 …

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

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