What is the European Union’s CBAM, and why has BRICS condemned and rejected it? Written by Amitabh Sinha Copyright © 2025 The Indian Express [P] Ltd.

What is the European Union’s CBAM, and why has BRICS condemned and rejected it? Europe’s carbon border tax is an import duty on a product manufactured in a country that has more lax climate rules than the EU. The ostensible purpose is to check ‘carbon leakage’, but the tax makes items like steel or cement manufactured in countries like India more expensive, and thus less competitive, in European markets. Written by Amitabh Sinha https://indianexpress.com/article/explained/explained-climate/cbam-brics-10116036/ New Delhi | July 9, 2025 16:46 IST Copyright © 2025 The Indian Express [P] Ltd.