Domestic carbon tax could help avoid EU’s CBAM, says Indian minister
November 6, 2023 Comments Off
India’s Minister for Commerce and Industry Piyush Goyal said Nov. 2 that a domestic carbon tax could help exporters avoid the EU’s Carbon Border Adjustment Mechanism (CBAM) levy. CBAM levies a tax on imports of selected carbon intensive materials and products — including aluminum, cement, electricity, fertilizers, hydrogen, iron and steel — into the EU, removing the gap between the…
Domestic carbon tax could help avoid EU’s CBAM, says Indian minister
India’s Minister for Commerce and Industry Piyush Goyal said Nov. 2 that a domestic carbon tax could help exporters avoid the EU’s Carbon Border Adjustment Mechanism (CBAM) levy. CBAM levies a tax on imports of selected carbon intensive materials and products — including aluminum, cement, electricity, fertilizers, hydrogen, iron and steel — into the EU, removing the gap between the…
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