India s exports to the European Union (EU), which account for 43% of the country s total exports to the region, are likely to be affected by the EU s non-tariff measures (NTMs), including the CBAM. The Council on Energy, Environment and Water has highlighted that sustainability-focused EU regulations pose a risk to product categories such as textiles, chemicals, consumer electronics, plastics, and vehicles
"EU region countries have an ambition, a concrete plan and legislation towards this. The second pillar is our nature restoration and biodiversity legislation and strategy for 2030 — we see biodiversity loss and climate change as reinforcing each other. Even if we all reach zero emissions but ecosystems continue to degrade, with oceans unable to absorb carbon and forests not able to deliver their functionality," Sinkevicius said.