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

India China Cbam China Plus China Plus One Limited Success
COP29: India voices dissent on ‘discriminatory trade barriers linked to carbon emissions
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
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 …

Global Trade Climate Developing Countries Countries Unctad Carbon
Fight over including carbon border tax in agenda delays climate talks on day one
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
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 …

India Chinese Carbon Goyal Cbam Eu Suggests
Mobility issues, carbon tax exemption, and visas key issues in trade talks between India and the UK
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
India expresses serious concerns in WTO meet over unilateral protectionist measures
9 months, 4 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
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 …

India Trade Global Trade Fta Cbam
How carbon prices are taking over the world
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
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 …

India Trade International Trade Emissions Countries Carbon Wto
India to contest EU carbon levy, says steel secretary
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
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 …

India Brussels Trade Tax Minister Carbon Goyal
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 …

India Carbon Cbam
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 …

India Developing Countries Countries Carbon Cbam Eu Trade
European Union carbon tariffs could spell trouble for Australian commodities, experts say
3 years, 5 months ago

European Union carbon tariffs could spell trouble for Australian commodities, experts say

ABC  

Leading energy experts believe new European Union carbon tariffs could trigger a cascade of similar action from Australia's major trading partners that would damage the nation's coal and iron ore industries. Key points: New EU carbon tariffs target cement, iron, steel, aluminium and fertiliser The coking coal industry may be impacted Experts say other countries are likely to implement similar …

Trade Japan European Union Steel Carbon Measures Cbam
Australian exporters could face millions of dollars in European tariffs as EU seeks to punish polluters
3 years, 9 months ago

Australian exporters could face millions of dollars in European tariffs as EU seeks to punish polluters

ABC  

Australian exporters to Europe are likely to face millions of dollars in new tariffs after the European Parliament voted overnight to move forward with a carbon levy on products from countries lacking serious pollution reduction programs. Key points: The European Parliament has voted to introduce a carbon levy on imports into the EU from countries with weaker emission rules Australian …

Europe Brussels Trade Australia Carbon Free European