Britain will start Carbon Border Adjustment Mechanism scheme from the year 2027

Britain will start Carbon Border Adjustment Mechanism scheme from the year 2027

Daily Current Affairs / Britain will start Carbon Border Adjustment Mechanism scheme from the year 2027

Change Language English Hindi

Category : Business and economics Published on: December 26 2023

Share on facebook

Recently Britain has announced that it will launch the Carbon Border Adjustment Mechanism scheme from the year 2027.
Under this scheme, carbon tax will be imposed on iron, steel, aluminum, fertilizer, and cement.
The amount of the tax will depend on the amount of carbon emitted in the production of imported goods and the difference between the price of carbon in the UK and the country of origin.
Imposing a tax would ensure that carbon-intensive products such as steel and ceramics from other countries face the same carbon price as products produced in the UK.
Regarding this decision, the Government of India has filed a complaint with the World Trade Organization.

Recent Post's

World renowned tabla maestro Pt. Swapan Chaudhary Kolkata was awarded the National Tansen Award for the year 2023.
Read More....
West Bengal Chief Minister Mamata Banerjee launched the "Banglar Bari" scheme to provide housing for the rural poor in the state.
Read More....
On 19th December 2024 in Goa, the 4th Asian Roll Ball Championship concluded with the Indian team's victory, winning the gold medal.
Read More....
Masali village in Banaskantha district, Gujarat, has become the first border village in India to run on solar energy.
Read More....
Indian environmentalist Madhav Gadgil has been awarded the United Nations Environment Programme (UNEP) Lifetime Achievement Award 2024.
Read More....
Tom Cruise was awarded the U.S. Navy's highest civilian award.
Read More....
The Indian Army has launched the AI Incubation Centre in Bengaluru to enhance its technological advancements and adopt Artificial Intelligence (AI).
Read More....
India will host the World Para Athletics Championship-2025 at Jawaharlal Nehru Stadium in New Delhi from 26th September to 5th October 2025.
Read More....
Chennai-born Indian-American Caitlin Sandra Neil was crowned Miss India USA 2024.
Read More....
Uttarakhand will implement the Uniform Civil Code (UCC) from January 2025, making it the first state in India to do so post-independence.
Read More....