BRICS Ministers Oppose EU Carbon Border Adjustment Mechanism
· Business · The Hindu, Indian Express
Environment Ministers from BRICS nations have formally opposed the European Union’s Carbon Border Adjustment Mechanism (CBAM), labelling the policy as discriminatory and protectionist. Meeting in New Delhi, the ministers argued that such measures undermine efforts by developing nations to address climate change and build resilience. The EU's mechanism, which entered its definitive phase on January 1, 2026, imposes carbon-related compliance requirements on importers of goods like steel, cement, and aluminium. Analysis indicates that Indian steel firms with higher emissions have already seen reduced export revenues to the EU under the current reporting phase.
Why it matters
The opposition from BRICS could lead to intensified diplomatic friction over climate trade policies, directly impacting Indian exporters who face significant compliance costs. This stance highlights the growing tension between European environmental regulations and the economic development priorities of emerging markets.
Read the original report — The Hindu
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