CBAM: India Inc Readies For Carbon Border Levy Launch
· Business · Business Standard
India's Commerce and Industry Ministry convened a pivotal meeting with exporters and industry bodies to finalise readiness measures ahead of the Carbon Border Adjustment Mechanism's phased rollout starting October 1. Discussions centred on establishing a robust verification framework, addressing industry concerns over reporting burdens, and aligning domestic carbon pricing with CBAM's import levy structure. The ministry emphasised the need for stakeholders to expedite data collection systems and update compliance protocols to ensure seamless transition. Sectoral representations from steel, cement, aluminium, and fertiliser units actively participated in the deliberations.
Why it matters
Indian exporters in energy-intensive sectors face immediate compliance costs and potential competitiveness impacts as the CBAM import levy begins, necessitating urgent updates to domestic carbon accounting and verification infrastructure.
Read the original report — Business Standard
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