India has recently expressed deep reservations over the European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM). CBAM is a policy tool by the European Union (EU) to put a fair price on carbon emissions linked to imported carbon-intensive goods like steel, aluminium, and cement. It aims to push industries in non-EU countries to adopt cleaner production methods. CBAM is part of the EU’s “Fit for 55” strategy, which targets a 55% reduction in greenhouse gas emissions by 2030. Its transitional phase runs from 2023 to 2025, and full enforcement will begin in 2026.
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