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European Union Will Tackle India's Concerns On Carbon Tax

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  • 01 Jun 2023
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European Union Will Tackle India's Concerns On Carbon Tax

The European Union has assured New Delhi it will hold two-way talks to tackle its concerns over tariffs proposed on imports of high-carbon goods such as steel and iron ore from India, the bloc's climate policy chief said. Last month, the 27-nation EU approved the world's first plan to impose from 2026 a levy on imports of high-carbon goods ranging from aluminium and cement to power, fertilisers and hydrogen, aiming to reach net zero greenhouse emissions by 2050.

Source: Reuters