{"id":248411,"date":"2023-06-17T19:40:34","date_gmt":"2023-06-17T14:10:34","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=248411"},"modified":"2023-06-17T19:40:34","modified_gmt":"2023-06-17T14:10:34","slug":"india-plans-to-challenge-european-unions-carbon-border-tax-at-wto","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-plans-to-challenge-european-unions-carbon-border-tax-at-wto\/","title":{"rendered":"India plans to challenge European Union&#8217;s carbon border tax at WTO"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the articl<\/span>e<b> \u201c<\/b><b>India plans to challenge European Union&#8217;s carbon border tax at WTO<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>Business Standard <\/b>on <b>17th June 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">India and South Africa along with some other nations have planned to challenge certain provisions of the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/span><\/p>\n<h2><b>What is Carbon Border Adjustment Mechanism (CBAM)?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/what-is-the-eus-carbon-border-adjustment-mechanism\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h2><b>Why is India and other developing countries planning to challenge the EU&#8217;s CBAM?<\/b><\/h2>\n<p><b>Firstly,<\/b><span style=\"font-weight: 400;\"> CBAM compromises the \u201ccommon but differentiated responsibilities\u201d principle established under the Paris Agreement on climate change in 2015.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 According to the principle, all countries have a shared obligation to address environmental hazards. However, they are not \u201cequally\u201d responsible as far as environmental protection is concerned, considering that every country is at a different stage of development.\u00a0<\/span><\/p>\n<p><b>Secondly, <\/b><span style=\"font-weight: 400;\">at the WTO there are special provisions for developing nations, allowing \u2014 them to avail themselves of a longer time frame to implement certain commitments or agreements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The CBAM is not compliant with this principle of the WTO because it will be applicable to all the partners of the trade bloc without any exemption for developing nations.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIndia plans to challenge European Union&#8217;s carbon border tax at WTO\u201d published in Business Standard on 17th June 2023 What is the News? India and South Africa along with some other nations have planned to challenge certain provisions of the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM).&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-plans-to-challenge-european-unions-carbon-border-tax-at-wto\/\">Continue reading <span class=\"screen-reader-text\">India plans to challenge European Union&#8217;s carbon border tax at WTO<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[10503],"class_list":["post-248411","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700800253,"cached_date":1702533693},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/248411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=248411"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/248411\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=248411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=248411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=248411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}