A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing a public pushback
As India's third largest trading partner, the EU accounted for €62.8 billion ($74.5 billion) worth of trade in goods in 2020.
PMO has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal, according to the documents reviewed by Reuters
A wider portfolio of policies, applicable to all competitors, are needed before businesses consider deep mitigation actions
The tax would be levied on all facilities producing 25,000 tonnes or more of greenhouse gas emissions a year