Q.3) What will be the implications of the carbon border adjustment mechanism (CBAM) introduced by the EU for Indian industries? What steps Indian industries can take to mitigate the impact? (10 Marks)

“Mentor’s Comments”

  • https://indianexpress.com/article/opinion/columns/eu-ghg-emissions-law-indian-industry-7421960/
  • In the intro, give a brief introduction of Fit for 55 legislation.
  • In the body, mention that India’s goods trade with the US was $ 74 billion in 2020, the CBAM will have implications for energy-intensive industries in India that export to the EU, also mention that India lacks any carbon tax or cap of its own. In the steps suggest clean technology partnership with the European industries, investment in renewable energy, diversification of export markets etc.
  • Conclude by mentioning that the CBAM may seem obstructionist. But over the long-term, it can provide regulatory certainty to industry by harmonising carbon prices

 

Subscribe
Notify of
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
User Avatar
3 years ago

Please review
Payment Id pay_HHWzC2O9xhkaqA

0_CamScanner 07-27-2021 23.04_1.jpg
1_CamScanner 07-27-2021 23.04_2.jpg
User Avatar
3 years ago

UPI Reference No.-114715258066

Adobe Scan 28-Jul-2021 (1)_1.jpg
Adobe Scan 28-Jul-2021 (1)_2.jpg
User Avatar
3 years ago

Payment id-HJHAZEWKSzM3CX

Adobe Scan 29-Jul-2021 (1)_1.jpg
Adobe Scan 29-Jul-2021 (1)_2.jpg

JOIN THE COMMUNITY

Join us across Social Media platforms.

💥Mentorship New Batch Launch
💥Mentorship New Batch Launch