In Short : The EU’s carbon tax (CBAM) could reduce India’s GDP by 0.05%, impacting exports of carbon-intensive goods like steel. This measure, aimed at encouraging global greener practices, may increase costs for Indian exporters, reducing their competitiveness in the EU market. In Detail : New Delhi : The European Union’s Carbon Border Adjustment Mechanism […]
India should use calibrated retaliation mechanism to deal with EU’s carbon tax, says report – EQ
India should positively consider imposing retaliatory customs duties in a calibrated manner on certain EU goods to deal with the European Union’s decision to impose a carbon tax on imports of certain sectors, a report by think tank GTRI said on Wednesday. The European Union (EU) has decided to impose a carbon border adjustment mechanism […]
