Europe's climate tax risks opening a new trade war with India at COP31
Euronews · Marta Pacheco ·
The EU's diplomatic stance at COP31 summit is complicated by its own political retreat on climate policy and growing global opposition to its carbon border tax.
The EU's diplomatic stance at COP31 summit is complicated by its own political retreat on climate policy and growing global opposition to its carbon border tax.
India has stepped up its opposition to the EU’s carbon border tax, setting the stage for a showdown at next week’s COP31 climate summit in Turkey as Brussels pushes ahead with plans to expand the controversial measure.
Indian Environment Minister Bhupender Yadav told local media that New Delhi was ready to defend its industrial interests against "unilateral trade barriers" such as the Carbon Border Adjustment Mechanism (CBAM), the EU's carbon border tax, ahead of the UN climate summit in Antalya.
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