New Delhi has conveyed its stance to the EU delegation, labelling the proposed CBAM as unfair and detrimental to domestic market costsIndia sees EU carbon tax proposal as unfair and not acceptable, official saysA worker grinds a steel pipe to be used in air ducts inside a workshop at an industrial area in Mumbai, India, May 31, 2018. New Delhi has conveyed its stance to the EU delegation, labelling the proposed CBAM as unfair and detrimental to domestic market costs, Seth said. Negotiations between the EU and India continue at a "technical level," an EU statement said after the delegation's visit earlier this month. The European Commission delegation had told India that the carbon tax's primary intent was not to raise revenue but to ensure the supply of greener goods to the EU market. The EU delegation suggested India could implement its own carbon tax to fund advancements in supply chains and cut carbon emissions, while maintaining its share of the EU market.

Source: bd News24 July 29, 2024 14:00 UTC