The record
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- BRICS environment ministers issued a joint statement in New Delhi opposing the European Union’s carbon border taxes.
- The group described the measures as protectionist and harmful to developing nations' climate efforts.
- India faces significant export challenges as steel and iron products fall under the mechanism's reporting requirements.
- The bloc also demanded increased international funding from developed countries to support climate adaptation.
What to watch next
- Negotiations regarding adaptation finance ahead of COP31 in Turkey
- Impact of EU CBAM on Indian steel export volumes and revenue
- Implementation progress of the EU-India free trade agreement
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Named India · Türkiye · European Union · BRICS · Narendra Modi · UN
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