EU Carbon Border Adjustment Mechanism (CBAM) Takes Effect: Global First Carbon Tax on Imports Raises Concerns Over Impact on Indian Exports
As of January 1, 2026, the European Union has officially implemented its Carbon Border Adjustment Mechanism (CBAM), marking the world's first carbon tax applied to imported goods. This mechanism imposes additional charges on carbon-intensive products—such as steel and aluminum—entering the EU market, with the primary goal
