Tag: Carbon border adjustment Mechanism

How will EU’s 25% tax on India impact energy-intensive goods exports?

Jul 19, 2024

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by

Anshuman

in Aluminium, HRC, Melting Scrap

The European Union’s Carbon Border Adjustment Mechanism (CBAM) is set to impose a 25% tax on energy-intensive goods exported from India to the EU, representing 0.05% of India’s GDP. This new tax aims to create a level playing field for EU-manufactured goods, which comply with stricter environmental standards, and to reduce emissions from imports. However,…