India intends to file a complaint to the WTO over the EU's proposal to impose a 20% to 35% levy on carbon-intensive imports such as steel, iron ore, and cement from India, according to top government and industry sources.
The EU approved last month the carbon border adjustment mechanism (CBAM) to impose a tariff on high-carbon goods imports starting 2026, including steel, cement, aluminum, fertilizers, electricity, and hydrogen. This is the world's first plan to impose such a levy, with the aim of becoming a net-zero emitter of greenhouse gases by 2050, ahead of India's target of 2070.
