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EU Border Tax Proposal Sparks BASIC Backlash

Indian Environment Minister Bhupender Yadav during the BASIC (Brazil, South Africa, India and China) Ministerial meeting on the sidelines of COP27 climate conference in Egypt. Image via @byadavbjp.

An EU proposal at COP27 to tax carbon-intensive products like cement and steel is drawing resistance from a group of developing countries. At a ministerial meeting of the BASIC (Brazil, South Africa, India and China) group on the COP sidelines, officials said:

“Unilateral measures and discriminatory practices, such as carbon border taxes, that could result in market distortion and aggravate the trust deficit amongst Parties [signatory countries to the United Nations climate agreements], must be avoided. BASIC countries call for a united solidarity response by developing countries to any unfair shifting of responsibilities from developed to developing countries.”

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