Finance Minister Nirmala Sitharaman Criticizes EU CBAM Deforestation Norms

• Finance Minister Nirmala Sitharaman criticizes the EU’s Carbon Border Adjustment Mechanism (CBAM) and deforestation rules as unilateral and arbitrary measures.
• She argues these measures will stifle economic growth and green energy transition goals.
• Sitharaman warns that developed countries may impose similar challenges, posing risks for countries like India working towards ‘net zero’ commitments.
• She assures that India’s concerns will be voiced in talks related to the Free Trade Agreement with the EU.
• She also argues that the Haryana Assembly poll results should dispel perceptions of a weaker central government.