New Delhi: Developing Countries, including India, in May during the G20 two-day minister’s meeting on the environment and climate change in Naples, Italy, starting on Thursday, increasing their concerns over the EU proposal recently on the first carbon border tax in the world.
Under this proposal, 27 EU countries will impose border tax on imports of carbon intensive items.
Tax Plan, but to formalize legally, it will take effect since 2026.
India’s New Environment Minister Bhupender Yadav will participate in a meeting that will focus on how to achieve positive results in the critical session of the UN UN Climate Change Conference (COP26) in Glasgow, England at November.
The Minister of Environment from the G20 nations will also make intervention during the session on natural capital to protect the planet and make joint efforts to use sustainable resources.
In addition to raising important points such as finance and pre-2020 actions of rich countries, India and other countries are expected to increase carbon border tax problems such as unilateral steps can have an impact on their trading time.
“India always holds the view that such unilateral carbon border adjustments will be discriminatory and the principles of equity and CBDR-RC (general responsibility but different and their respective capabilities),” said an official at the Ministry of Environment.
He said India would seek clarification about such proposals, underlining that such trading barriers would not help in bridging the trust deficit between developed countries and developing in front of COP26.
The proposal will soon be legally adopted by 27 countries.
The first day of the meeting on Thursday will be in the environment while the closing day on Friday will take energy problems and climate change.