EU’s Carbon Border Tax

GS Paper 3 Syllabus:  Environment and Conservation   Source: DTE Direction: The article discusses carbon border tax, its stated goal, concerns, possible impacts and way ahead.   Context: The European Union (EU) agreed on a preliminary deal for an EU Carbon Border Adjustment Mechanism (CBAM) on imported goods such as iron and steel, cement, aluminium, …

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 15 December 2022

  InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to …

RSTV: THE BIG PICTURE- CARBON BORDER TAX: WHY IS INDIA OPPOSING IT

    Introduction: At the G-20 ministerial meeting on environment and climate change in Italy, developing countries, including India, are expected to raise their concerns over the European Union’s recent proposal on the first of its kind carbon border tax. Under this proposal, the 27 EU nations will impose border tax on imports of carbon-intensive …