European Union Carbon Tax

• 

  EU's Carbon Tax Could Cost India 0.05% Of GDP: Report

  The EU argues that this mechanism creates a level playing field for domestically manufactured goods, which must adhere to stricter environmental standards, and helps reduce emissions from imports.

• 

  On Europe's Carbon Tax Issue, India Says Will Retaliate If Required

  India will address the issue of the European Union's plan to impose a carbon tax on certain imported goods, Commerce and Industry Minister Piyush Goyal said today, adding that "I will retaliate" if required.

• 

  India Considering Domestic Tax Options To Deal With EU's Carbon Tax: Minister

  Commerce and Industry Minister Piyush Goyal on Thursday indicated that India is mulling a domestic tax option on certain sectors and using that levy to support the green energy transition to deal with the European Union's carbon tax.

• 

  India Raises Concerns Over EU's Carbon Tax, Deforestation Regulation

  A number of countries, including India, Russia, and Brazil, have flagged concerns over European Union's (EU) carbon tax and deforestation regulation in a meeting of the World Trade Organisation (WTO) in Geneva.

• 

  Proposed Carbon Tax Won't Affect Trade Ties With India: EU Climate Chief

  European Union's climate policy chief Frans Timmermans said the bloc's proposed carbon tax will not have any negative effect on its trade relationship with India and that it would do nothing that is in violation of World Trade Organisation rules.

• 

  EU's Carbon Border Tax Will Damage Global Climate Change Fight: China

  A proposal by the European Union to establish a "carbon border tax" will damage global efforts to take joint action on climate change, China said on Wednesday, urging a push back against climate "protectionism".

• Relief for Indian carriers as European Union freezes carbon tax

  The European Union will freeze for a year its rule that all airlines must pay for their carbon emissions for flights into and out of EU airports, the EU executive said, following threats of international retaliation.

• International Air Transport Association warns of trade war over EU carbon tax on aviation

  The EU move entails high taxation on all aircraft movement on the European skies, including overflights.

• Airlines say carbon law cutting EU off from growth

  Rising tensions with India and China over the European Union's "arrogant" law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said on Thursday.

• India to ask airlines to boycott of European Union's carbon credit scheme

  The Indian position, if it escalates, could lead to a trade war and severely escalate costs for European airlines; China has already barred its airlines from buying EU carbon credits.

• China bans its airlines from paying EU's carbon tax

  China’s airlines are not allowed to pay a charge on carbon emissions imposed by the EU without government permission.

• Carbon Tax: EU warns against retaliation, says room for exemption

  EU said that any retaliatory move by other nations against Carbon tax would be challenged in international courts.