India Opposes Emissions-Related Trade Barriers
• India opposes “protectionist” measures linking trade barriers and carbon emissions.
• China petitioned COP 29 to include a discussion on “climate change-related unilateral restrictive trade measures.”
• India argues these measures impose costs on developing and low-income countries, are discriminatory, and violate principles of equity.
• The petition is primarily against the European Union’s Carbon Border Adjustment Mechanism (CBAM), which imposes a tax on non-compliant products imported into the EU.
• India and the BASIC proposal do not explicitly mention CBAM, instead using the term “arbitrary and unjustifiable unilateral measures.”