India Plans Carbon Market as EU Imposes Carbon Border Tax
India's exporters now face new carbon costs under the EU's Carbon Border Adjustment Mechanism (CBAM), effective January 2026. This will impact carbon-intensive sectors like steel and aluminium, potentially reducing export competitiveness. In response, India aims to develop a domestic carbon market and invest in cleaner technologies to mitigate these effects and maintain its export strength.
Economic Times·3h ago


