BRICS Opposes EU’s CBAM
On 18th August 2026, the 12th BRICS Environment Ministers’ Meeting, held in New Delhi under India’s chairship, adopted a joint statement opposing unilateral, punitive and protectionist climate measures such as the European Union’s Carbon Border Adjustment Mechanism (CBAM).
What is CBAM?
- Carbon Border Tax: CBAM requires importers to account for the carbon emissions embedded in certain carbon-intensive products entering the EU.
- Covered Products: It currently covers iron and steel, aluminium, cement, fertilisers, hydrogen and electricity.
- Objective: The EU says CBAM aims to prevent carbon leakage, where carbon-intensive production shifts to countries with weaker climate policies.
- Definitive Phase: The EU’s CBAM ....
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