EU carbon border tax may hit India’s steel sector less hard than expected, study finds | Buobe
EU carbon border tax may hit India’s steel sector less hard than expected, study finds
Buobe IA context · why it matters
The Indian steel sector's CBAM costs could be lower than expected — Companies might adapt by shifting low-carbon production towards Europe.
India’s diverse steel industry isn't uniformly carbon-intensive — This suggests actual fees may be less than the initial estimate of €762m in 2034, potentially reducing to around €407m under more realistic scenarios.
Fique de olho
Indian exporters might strategically adjust their production and exports to minimize CBAM impacts.
The EU’s carbon border tax could cost India’s steel exporters far less than expected. That is the conclusion of a new report by climate think tank Sandbag, released on Tuesday (4 August).
