Banking service chronicle this article was published in the magazine financially support developing countries cbam can have achieve greater support if it also comes with a commitment to financially support developing countries to introduce the carbon price. focus on coordination coordinated application of carbon taxes and related climate change avoidance measures should be given more priority instead of putting carbon border tax. Banking service chronicle magazine bilaterally relations the approach for india could be to resolve this bilaterally with eu alongside preparing to set up its own carbon trading system. presently india does not have a price on carbon though it has been implemented in indirect forms through mechanisms like a coal cess. conclusion with the proposed cbam there is a new sense of urgency for a shared understanding on carbon-based trade policies. if countries believe a carbon border tax is the way forward a global view on this topic should include an alignment of key parameters applicable to them as well as agreed standards for measuring carbon that is emitted in the production of goods Banking service chronicle magazine subscription.
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