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Top Carbon Herald News

Carbon Tax

EU To Reject India Demand For Carbon Tax Exemption

The European Union is set to reject India’s demand that its exporters be exempt from paying the bloc’s new carbon tax, that will be applicable from next year, the Financial Times reported citing four officials involved in the process. The EU’s new carbon border adjustment mechanism — CBAM — will subject Indian exporters to a large import duty that will be set according to the amount of carbon emitted during manufacturing. According to Indian tan…See the Story