9,612.84 TRY BIST 100 BIST 100
40.78 EUR EUR EUR
37.83 USD USD USD
5.24 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

EU and India discuss decarbonization efforts

In early July, Gerassimos Thomas, the Director-General of the European Commission, along with officials from the Directorate-General for Taxation and Customs Union (DG TAXUD), visited New Delhi to engage in discussions on tax and customs matters, with a focus on the EU's Carbon Border Adjustment Mechanism (CBAM).

EU and India discuss decarbonization efforts

The primary goal of the mission was to synchronize the decarbonization efforts of Indian and European industries and to address the challenges that Indian businesses might encounter under CBAM. Thomas held meetings with prominent Indian government officials and key industry representatives.

"Europe, as a significant importer of CBAM goods, aims to ensure that the goods we import have the lowest possible carbon intensity," Thomas stated, highlighting the non-discriminatory nature of CBAM and its phased implementation.

The visit created an opportunity to explore CBAM's implications for Indian small and medium-sized enterprises (SMEs). Both parties agreed to continue technical discussions with India's Ministry of Energy and the Bureau of Energy Efficiency. A report assessing the CBAM transition will be presented to the European Council and Parliament by the end of the next year.

The discussions also underscored shared interests in areas such as carbon trading, pricing mechanisms, and collaboration on energy efficiency, renewable energy, and clean technology initiatives.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kuwait Gains Access to Global Debt Markets After Law Amendment

Friday, March 28, 2025

China's international trade volume increased by 14% in February

Friday, March 28, 2025

Global market challenges are increasing for German companies

Friday, March 28, 2025

Russia increases iron and steel exports to South Korea

Friday, March 28, 2025

Discussions on scrap trade in Europe are deepening

Tuesday, March 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now