EU CBAM challenge: GTRI warns of trade hit; urges India to fast-track carbon scheme
Indian steel and aluminium exporters face fresh challenges as the European Union (EU) will begin collecting carbon border taxes under the Carbon Border Adjustment Mechanism (CBAM) from 1 January 2026, according to a new report by the Global Trade Research Initiative (GTRI). The levy, notified in May 2023, initially covers steel, aluminium, cement, electricity, hydrogen,…