carbon tax

News

CARBON TAX NEWS

India and EU need to talk more about carbon tax

September 04, 2025 5:07 pm

Rather than accepting the costs imposed by EU’s Carbon Border Adjustment Mechanism (CBAM), India should consider implementing a domestic carbon tax or export levy, echoing the EU’s system, to retain revenue and fund its own green transition

EU’s carbon tax is unlikely to fix global warming. It will make global cooperation on climate change impossible

August 04, 2025 5:38 pm

For India and other BRICS nations, this is not just about trade or emissions; it is about sovereignty, justice, and the right to grow on their terms. The carbon border tax, in its current form, is not a solution

Knowledge Nugget: What is Carbon Tax and why is it important for UPSC exam?

July 26, 2025 5:15 pm

India UK FTA 2025: Carbon tax has been one of the sticking points in the India-UK trade pact. Here's everything you need to know about the carbon tax, the Carbon Border Adjustment Mechanism (CBAM), and India's Carbon Credit Trading Scheme (CCTS).

Knowledge nugget of the day: Greenwashing

December 02, 2024 11:12 am

Recently, the Consumer Affairs Ministry has issued guidelines against the prevention of greenwashing. But what is greenwashing? How is it related to the Carbon market? Take a look.

EU carbon tax: India flags risk of trade info getting compromised

January 11, 2024 7:34 am

This assumes significance as India exports over 15 per cent of its total goods exports to the EU. In 2022-23, India exported goods worth $75 billion to the EU.

India may compensate exporters against UK, EU carbon tax

December 22, 2023 7:31 am

The carbon border adjustment mechanism (CBAM) or carbon tax is expected to have an impact on India’s iron, steel, and aluminum exports worth $8-$9 billion headed into Europe and the UK.

India will ‘retaliate’ against unfair EU carbon tax, says Commerce Minister Piyush Goyal

December 08, 2023 8:34 pm

The EU’s carbon tax, that aims to impose tariffs on emissions embedded in goods produced outside Europe, is estimated to hit Indian metal exports worth over $8 billion annually, starting in 2026.

India to flag concerns over EU's carbon tax, deforestation regulation in WTO meet next year

August 01, 2023 1:00 pm

India will address concerns on EU's climate regulations, including carbon tax and deforestation rules, during the WTO ministerial meet, seeking resolution for domestic industries

Two official teams from India, EU to discuss carbon tax issues

June 28, 2023 1:12 pm

India raised these issues in the Trade and Technology Council (TTC) meeting between the two regions in Brussels in May.

CO2 tax at Europe's border: Revolution or protectionism?

December 14, 2022 10:02 am

Last year, the European Union announced plans for a 55% reduction in its greenhouse gas emissions by 2030, setting its sights higher than the 40% it had targeted before.