News

EU carbon border levy could hurt Asian developing countries, yet do little to cut emissions: ADB

India’s key export industries such as steel could be hit by the EU’s Carbon Border Adjustment Mechanism, which are designed to make sure Europe’s decarbonisation efforts are not undermined by trade partners with weaker pollution standards.

eu-carbon-border-levy-could-hurt-asian-developing-countries,-yet-do-little-to-cut-emissions:-adb

India’s key export industries such as steel could be hit by the EU’s Carbon Border Adjustment Mechanism, which are designed to make sure Europe’s decarbonisation efforts are not undermined by trade partners with weaker pollution standards.