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Mint Explainer: Is the EU's Carbon Border Adjustment Mechanism an unfair 'lagaan'?

The so-called carbon tax, set to take effect in 2026, will hobble Indian manufacturers and exporters to protect their European competitors during the EU’s transition to sustainable energy ....

New Delhi , Piyush Goyal , World Trade Organisation , United Nations Framework Convention On Climate Change , Trading System , Third Biennial Update Report , United Nations Framework Convention , Climate Change , Eu Carbon Tax , Carbon Border Adjustment Mechanism , Carbon Tax Explained , Mint Explainer , European Union , Indian Steel Industry , Indian Cement Industry , Carbon Imports , Carbon Exports ,

The EU's Carbon Border Adjustment Mechanism Proposal

The EU is considering the implementation of a new carbon policy, the Carbon Border Adjustment Mechanism, which is a carbon-pricing system for imports. The CBAM is aimed at adjusting the price of certain imported products to the amount of CO2 emissions incorporated in them. ....

European Union , Eu Commission , European Parliament , Eu Customs Union Iceland , European Commission , Regulation Of The European Parliament , Eu Parliament , Carbon Border Adjustment Mechanism , European Green Deal , Carbon Border Adjustment Mechanism , Carbon Imports , Carbon Leakage , Carbon Price , Carbon Pricing ,