EU ‘Inviting Disaster’ with Carbon Tax on Steel, Says Piyush Goyal - The Tribune

EU ‘inviting Disaster’ with Carbon Tax on Steel, Says Piyush Goyal

Get latest articles and stories on World at LatestLY. Union Commerce and Industry Minister Piyush Goyal on Thursday criticised the European Union’s carbon tax on steel, saying the bloc was “inviting disaster” by imposing additional costs that could raise the cost of living and undermine the competitiveness of its industries. World News | EU ‘inviting Disaster’ with Carbon Tax on Steel, Says Piyush Goyal.

EU ‘inviting disaster’ with carbon tax on steel, says Piyush Goyal - The Tribune

Union Commerce and Industry Minister Piyush Goyal on Thursday criticised the European Union’s carbon tax on steel, saying the bloc was “inviting disaster” by imposing additional costs that could raise the cost of living and undermine the competitiveness of its industries.

'Who did most harm to Ozone layer?': Piyush Goyal holds up the mirror to Europe on climate change

Commerce and Industry Minister Piyush Goyal has criticised European Union regulations on carbon emissions and deforestation, warning that the rules could raise costs for European businesses, weaken their competitiveness and invite retaliatory trade measures. Speaking at the Berlin Global Dialogue in Germany, Goyal said measures such as the Carbon Border Adjustment Mechanism (CBAM) and the EU Deforestation Regulation (EUDR) risked hurting the Eur…

EU carbon tax is ‘inviting disaster’, says Piyush Goyal

The commerce minister warned that the European Union’s carbon border adjustment mechanism (CBAM) will inflate EU living costs and hurt industry.