Carbon Border Adjustment Mechanism Subject :Economy Context: European Union governments have reached a deal on the world’s first major carbon border tax to make its economy carbon-neutral by 2050. Concept:  Carbon Border Adjustment Mechanism: The European Union has proposed a policy — called the Carbon Border Adjustment Mechanism —  to tax products that […]

    Carbon Border Adjustment Mechanism Subject : Environment Context : India, China, Brazil, South Africa opposed ‘carbon border tax’ proposed by European Union in the 27th edition of the Conference of Parties (COP) in Sharm El Sheikh. Concept : The European Union has proposed a policy — called the Carbon Border Adjustment Mechanism — […]