The EU’s upcoming Carbon Border Adjustment Mechanism (CBAM) is set to reshape global trade and climate efforts, aiming to reduce the carbon content of imports and combat climate change. With a carbon tax of $44 per tonne, the CBAM targets high-carbon imports like steel and aluminum, but developing economies, including...
European Union ‘s proposed carbon tax, expected to operationalise in October 2023, has raised concerns in Indian metal industries, particularly steel and aluminium. IBT analyses the possible approaches that India can take towards addressing this emerging challenge. EU’s Carbon Border Adjustment Mechanism (CBAM) is a proposed border tax, which will...
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