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EU carbon border tax bites; Indian steel feels heat

Corporate buildings against sky

The EU's carbon border tax entered full force this month, adding 20-35% to the landed cost of high-emission steel and cement. Indian exporters face a ₹9,000 crore annual hit unless mills go greener, faster. Delhi calls it 'climate protectionism' and has taken the fight to the WTO. Green steel just became a boardroom word.

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The Public Views

Carbon border tax: climate action or protectionism?

  • Climate action
  • Protectionism
  • Bit of both
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