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Divided EU allows India to pitch for carbon tax relief
Hindustan Times Lucknow
|January 04, 2025
THE CBAM IMPOSES A CARBON PRICE ON IMPORTS OF CERTAIN PRODUCTS FROM OUTSIDE THE BLOC TO PREVENT CARBON LEAKAGE
NEW DELHI: Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
As the EU prepares to implement the Carbon Border Adjustment Mechanism (CBAM) in 2026, internal disagreements from Poland, Germany and France, besides other Eastern European countries, have surfaced.
India plans to capitalize on these divisions to demand tweaks in the norms while raising the issue at the World Trade Organization's 14th Ministerial Conference in March, two people aware of the matter said on condition of anonymity.
This story is from the January 04, 2025 edition of Hindustan Times Lucknow.
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