Page 4 - ஆர்கநைஸேஶந் க்கு பொருளாதார வளர்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last week, Indian environment minister Prakash Javadekar opposed the European Union s (EU) plan to levy an additional carbon border tax on imports from countries such as India that do not have strict norms for controlling industrial greenhouse gas (GHG) emissions. Earlier, on March 10, 2021, the EU Parliament had adopted a resolution to implement a Carbon Border Adjusted Mechanism (CBAM), a June 2021 draft regulation pertaining to which proposed that goods entering the EU would be taxed at the borders. Such a tax would promote low-carbon, resource-efficient manufacturing , the resolution says. The UK and the US are also considering such proposals. The BASIC (Brazil, South Africa, India and China) countries grouping had opposed the EU s proposal in a joint-statement in April, terming it discriminatory and against the principles of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC). These principles acknowledge that richer countri

South africaUnited kingdomNitya nandaAntonio guterresSanjay vashistPrakash javadekarOrganisation for economic developmentCouncil for social developmentClimate action networkEuropean unionEu parliamentCarbon border adjusted mechanismEmissions trading systemSouth asiaSocial developmentEconomic development