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LATEST NEWS UPDATES | India expresses concern over EU’s Green Deal, possible carbon taxes -Amiti Sen

India expresses concern over EU’s Green Deal, possible carbon taxes -Amiti Sen

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published Published on Nov 18, 2020   modified Modified on Nov 19, 2020

-The Hindu Business Line

New Delhi asks EU for more details, calls for legal analysis of deal

India, the US and a few other countries have expressed apprehensions over the European Green Deal and the impact of carbon border taxes that could be imposed on imports once the proposed Carbon Border Adjustment Mechanism (CBAM) is implemented. India has called for a legal analysis of the deal, a Geneva-based trade official said.

“As many as nine countries intervened and expressed their apprehensions in response to the EU’s presentation on its Green Deal at the WTO’s Committee on Trade and Environment meeting this week. New Delhi pointed out that a legal analysis of the Green Deal, including the carbon adjustment mechanism and the possible carbon taxes on imports, has to be carried out and its compatibility with WTO norms needs to be looked into,” the official told BusinessLine.

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The Hindu Business Line, 18 November, 2020, https://www.thehindubusinessline.com/economy/india-expresses-concern-over-eus-green-deal-possible-carbon-taxes/article33127033.ece?homepage=true
 

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