EU ‘Inviting Disaster’ with Carbon Tax on Steel, Says Piyush Goyal - The Tribune
- On Thursday, Commerce and Industry Minister Piyush Goyal warned that the European Union is "inviting disaster" by imposing a carbon tax on steel during the Berlin Global Dialogue.
- Goyal claimed the European Union is creating artificial boundaries through the Carbon Border Adjustment Mechanism , imposing over 75 regulations that he argued undermine European industry competitiveness.
- "Your cost of living will go up," Goyal said, citing new duties on steel and aluminium, while Germany's auto industry sales have dropped 15 to 20% over the last decade.
- India intends to trade with nations like Singapore that lack carbon restrictions, as Goyal noted India supports 17% of the world's population while contributing only 3-3.5% of carbon emissions.
- Cautioning that the world is now reciprocal, Goyal warned restrictive regulations hinder international cooperation and may ultimately "outprice" the European Union's own industries in global markets.
18 Articles
18 Articles
EU ‘inviting disaster’ by imposing carbon tax on steel, says Piyush Goyal in Berlin
The Union Minister said the EU is “shooting” itself in the foot by bringing in more regulations, restrictions on itself, and closing its borders, something that actually helped them become a developed set of nations.
‘You are responsible for this mess’: Piyush Goyal slams West over carbon emissions, climate finance failures
Goyal reminded the developed countries of the pledge to provide financial and technological support to developing nations under the Paris Agreement
Piyush Goyal: 'Problem Was Caused by You', Developed World Must Pay Climate Bill
Speaking in Berlin, Union Commerce and Industry Minister Piyush Goyal challenged the European Union and developed nations over climate accountability and unfulfilled financial pledges. Goyal asserted that developed countries are historically responsible for emissions and environmental degradation, noting that Europe grew its economies by burning coal and must shoulder mitigation costs. Confronting claims during an exchange, Goyal stated, "The pr…
EU ‘inviting disaster’ with carbon tax on steel, says Piyush Goyal
EU's carbon tax on steel faces criticism from Piyush Goyal, who says it could increase living costs, harm industries, and disrupt global trade dynamics.
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.
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium



















