• At the end of the year, the importer will declare the emissions of products imported and surrender an equivalent number of certificates to the authorities. [...] The UNFCCC defines the impact of the implementation of response measures as “the effects arising from the implementation of mitigation policies, programmes, and actions, 'in-jurisdiction' and 'out-of-jurisdiction' or cross-border impacts, taken by Parties under the Convention, the Kyoto Protocol, and the Paris Agreement to combat climate change.” Article 4.8 of the UNFCCC further states, “In the i. [...] One way to do this is to impose the same percentage tax on the value of imports as is the share of historical emissions — in the case of the EU, this would be 22 per cent levied on the value of imports. [...] Report from the Commission to the European Parliament and the Council on the functioning of the European Carbon Market in 2022. [...] Implementing Regulation (EU) 2023/1773 of 17 August 2023 laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards reporting obligations for the purposes of the carbon border adjustment mechanism during the transitional period.
- Pages
- 56
- Published in
- India
Table of Contents
- The Global Souths response to a changing trade regime in the era of climate change 1
- CARBON BORDER 1
- ADJUSTMENT 1
- MECHANISM CBAM 1
- The Global Souths response to a changing trade regime in the era of climate change 3
- CARBON BORDER 3
- ADJUSTMENT 3
- MECHANISM CBAM 3
- Introduction 4
- Greenhouse gas emissions and trade 4
- The Carbon Border Adjustment Mechanism 4
- CBAM 4
- India and the CBAM 4
- China and the CBAM 4
- The analysis 4
- The way forward 4
- Annexure 4
- References 4
- INTRODUCTION 5
- GREENHOUSE GAS 8
- EMISSIONS AND TRADE 8
- THE CARBON 12
- BORDER ADJUSTMENT MECHANISM CBAM 12
- INDIA AND THE CBAM 23
- CHINA AND THE CBAM 27
- THE ANALYSIS 29
- THE WAY FORWARD 42
- ANNEXURE 47
- REFERENCES 50
