Centre for Social and Economic Progress (CSEP) 321d ago

How will the EU’s Carbon Border Adjustment Mechanism (CBAM) affect India’s economy and exports? The EU’s Carbon Border Adjustment Mechanism (CBAM) will tax carbon-intensive imports like steel, cement, aluminium, and fertilisers — reshaping global trade. In this short explainer, Rajat Verma, Fellow at the Centre for Social and Economic Progress (CSEP), breaks down the challenges Indian industries face—especially steel and aluminium—and how proactive carbon pricing, clean technology adoption, and policy support can turn CBAM risks into an opportunity for green growth. Learn what the data reveals, what MSMEs need, and why aligning climate and trade is critical for India’s future. Read the full paper: https://csep.org/working-paper/assessing-the-distributional-implications-of-the-eus-cbam-on-india-a-cge-analysis/ #cbam #climatepolicy #india #tradepolicy #netzero2050 #carbonpricing