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3rd January, 2026 News

The European Union’s Carbon Border Adjustment Mechanism (CBAM) came into force on January 1, 2026, introducing a carbon levy on imports of emissions-intensive goods entering the EU. The policy covers products such as steel, aluminium, cement, and fertilisers, which form a significant share of India’s exports to Europe. As a result, export costs are expected to rise, potentially complicating market...

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