CBAM or Carbon Tax
Fri, 24 Mar 2023

CBAM or Carbon Tax

Why in news? European Union is willing to collaborate with India in easing the administrative burden for businesses while enforcing its Carbon Border Adjustment Mechanism (CBAM).

About:

  • The Carbon Border Adjustment Mechanism (CBAM), also known as the carbon border tax, adds a pollution price on certain imports to the EU.
  • This measure makes it necessary for carbon-intensive industries to comply with stricter emission standards.
  • It is a tax that imposes importers and non-EU manufacturers to pay for the carbon emission linked to the goods they sell within EU limits.
  • Under the political agreement, the CBAM will enter into force in its transitional phase as of 1 October 2023.

 

https://www.livemint.com/industry/energy/eu-says-it-s-ready-to-work-with-india-on-carbon-tax-11679423674958.html

 

Choose Newsletter

Have questions about a course or test series?

unread messages    ?   
Ask an Expert

Enquiry

Help us make sure you are you through an OTP:

Please enter correct Name

Please authenticate via OTP

Please enter correct mobile number
Please enter OTP

Please enter correct Name
Please enter correct mobile number

OTP has been sent.

Please enter OTP