● CBT It is a duty on imports based on the amount of carbon emissions resulting from the production of the product in question, that have not been carbon-taxed at source
● carbon intensive sector such as cement, steel etc. will be included in it.
● It is proposed by European Union, with effect from 2026
● At COP-27, BASIC group comprising Brazil, South Africa, India and China, opposed the carbon border adjustment mechanism.
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