The carbon tariff would hurt developing countries' export earnings and shift the decarbonisation burden on them, while overlooking developed nations' climate responsibilities and green funding failures.
THE GLOBAL race to build a low-carbon economy is gaining momentum. But this much-needed push to reduce greenhouse gas (GHG) emissions has raised concerns about economic rivalry and trade protectionism. Under the guise of climate action, developed countries are trying to protect their domestic manufacturers from global competition while shifting their environmental responsibilities on others.
The European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM) is a clear example of this. The initiative aims to impose a carbon tariff on imports of energy-intensive products, based on the GHG emissions generated during their production.
India, in its Economic Survey report released in July 2024, ahead of the Union Budget 2024-25, argues that CBAM and similar proposed measures from the US and the UK violate the Paris Agreement's principle of "Common but Differentiated Responsibilities", as developed countries shift the burden of climate finance from the Global North to the Global South through carbon taxes.
India's concerns are echoed by other developing nations. In June, South Africa condemned CBAM during the Ministerial Declaration for the High-Level Political Forum for Sustainable Development 2024, calling it an "extraterritorial, unilateral, coercive, and trade-distorting measure disguised as climate protection."
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In leading role again
MOVIES AND WEB SERIES ARE ONCE AGAIN BEING SET IN RUSTIC BACKGROUNDS, INDICATING A RECONNECT BETWEEN CINEMA AND THE COUNTRYSIDE
One Nation One Subscription comes at a huge cost
As top US universities scrap big deals with top scientific publishers, India’s ONOS scheme seems flawed and outdated
Return of Rambhog
Bid to revive and sell the aromatic indigenous paddy variety has led to substantial profits for farmers in Uttar Pradesh's Terai region
Scarred by mining
Natural springs of Kashmir drying up due to illegal riverbed mining
Human-to-human spread a mutation away
CANADA IN mid-November confirmed its first human case of avian influenza, with a teenager in the British Columbia being hospitalised after contracting the H5N1 virus that causes the disease. The patient developed a severe form of the disease, also called bird flu, and had respiratory issues. There was no known cause of transmission.
True rehabilitation
Residents of Madhya Pradesh's Kakdi village take relocation as an opportunity to undertake afforestation, develop sustainable practices
INESCAPABLE THREAT
Chemical pollution is the most underrated and underreported risk of the 21st century that threatens all species and regions
THAT NIGHT, 40 YEARS AGO
Bhopal gas disaster is a tragedy that people continue to face
A JOKE, INDEED
A CONFERENCE OF IRRESPONSIBLE PARTIES THAT CREATED AN OPTICAL ILLUSION TO THE REALITY OF A NEW CLIMATE
THINGS FALL APART
THE WORLD HAS MADE PROGRESS IN MITIGATING EMISSIONS AND ADAPTING TO CLIMATE IMPACTS. BUT THE PROGRESS REMAINS GROSSLY INADEQUATE
