New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India’s exports after its implementation by the European Union. CBAM are tariffs that will apply on energy-intensive goods imported into the European Union (EU). The EU has decided to impose carbon tax … Read more
New Delhi: The European Union‘s Carbon Border Adjustment Mechanism (CBAM) will impose additional 25 per cent tax on energy-intensive goods exported from India to the EU, a new report said on Wednesday. This tax burden would represent 0.05 per cent of India’s GDP, according to the report titled “The Global South’s response to a changing … Read more
Finance Minister Nirmala Sitharaman on Thursday voiced concerns against the “one-sided” move by advanced jurisdictions like the EU to impose tariffs on high-carbon goods coming from other sources, saying it goes against the interests of the Global South and that the green agenda shouldn’t be pursued by some at the expense of others. Speaking at … Read more
Climate change is manifesting itself across the world, whether through unprecedented wildfires in Australia, droughts in Sub-Saharan Africa, or winter freezes in Texas. By some counts, India is among the countries most threatened by climate change. It’s in our interest to listen to our climate activists and press for global action. While no country alone … Read more