Europe's climate tax risks opening a new trade war with India at COP31
AI Summary
The EU’s carbon border tax is drawing growing international opposition and could spark a new trade dispute with India at COP31. The article says the EU’s negotiating position is complicated by domestic political retreat on climate policy.
The EU's diplomatic stance at COP31 summit is complicated by its own political retreat on climate policy and growing global opposition to its carbon border tax.
World Politics Markets Commodities European Union India carbon border tax trade tensions COP31 climate policy carbon pricing