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The Economic Times

Global Business / The Economic Times

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Indias bid to keep carbon cash home as Europe adds a new trade cost

India's exporters will encounter new carbon costs due to the European Union's Carbon Border Adjustment Mechanism. The mechanism, effective from January 2026, targets carbon-intensive goods and imposes a cost on emissions. India's heavy reliance on carbon-intensive industries like steel and aluminium raises significant challenges in maintaining export competitiveness. The country is establishing a domestic carbon market to mitigate these challenges and promote cleaner technologies.

28 Sep 2026 10:56 am