To counter rich nations' environment levies, carbon tax on imports in the works
News from Web 12-Jul-2023
The government is considering levying a carbon tax on imports from countries with high per capita carbon emissions looking to counter rich nations' environment taxes, said people aware of the matter. Inter-ministerial discussions on such a levy have begun and a final call will be taken shortly, they said.
The move comes in the backdrop of the European Union's Carbon Border Adjustment Mechanism (CBAM).
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