India Contemplates Domestic Tax As Countermeasure To EU's Carbon Tax, Labels

India considers imposing sector-specific taxes to counteract the European Union's carbon tax while criticising the EU's approach as detrimental to global trade

By Outlook Planet Desk 03/11/2023

Use Of Green Energy To Help Industry Deal With EU's Carbon Tax: Goyal

The EU is introducing the CBAM from October 1 this year. CBAM will translate into a 20-35 per cent tax on select imports into the EU starting January 1, 2026

By PTI 14/09/2023

India To Request EU To Exempt MSMEs From Carbon Tax

Starting in October, domestic companies in seven carbon-intensive industries—including steel, cement, fertiliser, aluminium, and hydrocarbon products—must submit applications to the EU authorities for compliance certifications.

By Outlook Planet Desk 10/05/2023

EU Adopts Key Laws Like CBAM To Reach 2030 Climate Target

The new rules increase the overall ambition of emissions reductions by 2030 in the sectors covered by the EU ETS to 62 per cent  compared to 2005 levels

By Outlook Planet Desk 27/04/2023

Need To Develop A Retaliatory Mechanism To Deal With EU’s Carbon Tax: GTRI 

The Indian government and industry have been advised by the Global Trade Research Initiative (GTRI) on how to lessen the impact of the EU's carbon price

By Outlook Planet Desk 17/04/2023