The government has said that it will take all necessary steps to protect Indian industry from the adverse impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM). The CBAM is a carbon pricing mechanism that will be imposed on certain imported goods from countries that do not have comparable carbon pricing systems.
Here are some of the specific measures that the government has said it will take to protect Indian industry from the CBAM:
- Provide financial assistance to Indian industries that are affected by the CBAM. This could be done through direct subsidies, tax breaks, or other measures…
Source: northindiastatesman.com
