India Will Oppose ‘Unfair’ Carbon Border Tax Plans at COP26
- Environment minister Javadekar calls tax proposal regressive
- Minister says India wants developed nations to do more
Prakash Javadekar
Photographer: T. Narayan/BloombergThis article is for subscribers only.
India and other developing nations will oppose plans by the European Union and the U.S. to penalize imports of carbon-intensive goods to curb emissions at the global climate summit to be held in Glasgow this November.
“It is the most regressive proposal” with “no principle of equity adhered to,” Environment Minister Prakash Javadekar told Bloomberg New Energy Finance’s Vandana Gombar at the BNEF Summit held virtually on Tuesday. “This is unfair taxation, nobody will accept it.”