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EU suggests India implement own carbon tax mechanism, says minister Goyal

Summary by Live Mint
The EU's carbon tax impacts companies in seven carbon-intensive sectors, including steel, cement, fertilizers, aluminium, and hydrocarbons. About 27% of India's exports of iron ore pellets, iron, steel, and aluminium products are destined for the EU, with exports totalling $7.4 billion in 2023.
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