Q.3) What will be the implications of the carbon border adjustment mechanism (CBAM) introduced by the EU for Indian industries? What steps Indian industries can take to mitigate the impact? (10 Marks)

“Mentor’s Comments” https://indianexpress.com/article/opinion/columns/eu-ghg-emissions-law-indian-industry-7421960/ In the intro, give a brief introduction of Fit for 55 legislation. In the body, mention that India’s goods trade with the US was $ 74 billion in 2020, the CBAM will have implications for energy-intensive industries in India that export to the EU, also mention that India lacks any carbon tax or … Continue reading Q.3) What will be the implications of the carbon border adjustment mechanism (CBAM) introduced by the EU for Indian industries? What steps Indian industries can take to mitigate the impact? (10 Marks)