European Union corners India, developing world over carbon tax at COP29

The tax, or CBAM, is to be imposed by EU in 2026 on products whose manufacturing processes do not follow certain emission standards

The European Union (EU) may have pushed India and other developing countries into a corner over opposition to the proposed carbon border adjustment mechanism (CBAM) by moving the discussion on the carbon tax to a separate committee at COP29 — 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) — instead of accommodating it on the core agenda, as demanded by countries like India and China. The new forum will not only discuss the CBAM but also the broader issue of domestic subsidies given by developing countries, EU officials said.

 

“The UNFCCC is not