UTC+8 ( BJT)

New EU carbon norms make Indian steel exports costlier

ABSTRACT

The European Union recently adopted a package of proposals to realise its ambitious target of a 55% reduction in carbon emissions compared to 1990 levels by 2030 and to become a climate-neutral continent by 2050.
As part of these efforts, the EU unveiled the Carbon Border Adjustment Mechanism (CBAM), a measure to prevent the risk of carbon leakage. CBAM will initially apply to sectors that have a “high risk of carbon leakage” and “high carbon emissions”, as per an official release. The sectors include iron

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227