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Financial, capacity constraints of EU's carbon border policy may disrupt India's steel sector: Study
The EU's Carbon Border Adjustment Mechanism presents difficulties for India's small and medium-sized steel enterprises due to financial and technological constraints, as per an IIM-Lucknow study. While larger steel plants might adapt, smaller ones face significant challenges, leading to unequal outcomes. The study suggests supportive measures like technology transfer and capacity-building for fair decarbonisation.
The EU's Carbon Border Adjustment Mechanism presents difficulties for India's small and medium-sized steel enterprises due to financial and technological constraints, as per an IIM-Lucknow study. While larger steel plants might adapt, smaller ones face significant challenges, leading to unequal outcomes. The study suggests supportive measures like technology transfer and capacity-building for fair decarbonisation.
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