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Articles for Cbam, search results for system

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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'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 …

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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 …

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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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