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 …
“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 …
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 …
