About CBAM The European Union (EU) has decided to impose a new tax called ‘Carbon Border Adjustment Mechanism’ (CBAM) on the import of carbon-intensive goods in the region. Refer Pulse Digest June 2023 edition for details about EU. The new …
Context: The European Union(EU)’s Carbon Border Adjustment Mechanism (CBAM) policy intends to tax carbon-intensive products coming into the EU from 2026. There is a concern that this mechanism could have serious implications on the Indian Manufacturing sector. Carbon Border Adjustment …