ENA Sectors 2025-02-27 14:20:52 <p><span style="font-size:14px"><strong>New Delhi, Feb 27 (KNN)</strong> Indias export sector, particularly in steel, aluminium, and other high-emission industries, is set to face challenges due to the European Unions Carbon Border Adjustment Mechanism (CBAM), warned Thomas Kerr, Lead Climate Change Specialist at the World Bank.</span></p> <p><span style="font-size:14px">Speaking at PRAKRITI 2025, an international conference on carbon markets, Kerr emphasised the need for Indian businesses to align with global carbon pricing policies.</span></p> <p><span style="font-size:14px">The European Unions CBAM will impact Indian exports, particularly in steel, aluminium, and other high-emission industries. This calls for urgent action in domestic carbon markets, Kerr stated.</span></p> <p><span style="font-size:14px">He underscored that Indias carbon market does not function in isolation and is influenced by international climate policies.</span></p> <p><span style="font-size:14px">PRAKRITI 2025, organised by the Bureau of Energy Efficiency under the Ministry of Power and the Ministry of Environment, Forest and Climate Change, served as a key platform for discussions on global carbon market trends.</span></p> <p><span style="font-size:14px">The conference, held from February 24-25, was inaugurated by Power and Housing and Urban Affairs Minister Manohar Lal.</span></p> <p><span style="font-size:14px">A fireside chat featured Dia Mirza, Actor and UN National Goodwill Ambassador, who advocated for the elimination of single-use plastic and encouraged youth engagement in climate action.</span></p> <p><span style="font-size:14px">Big change will only occur when it starts from the top down because behaviors sometimes take hundreds of years to change, she noted, praising Indias LiFE (Lifestyle for Environment) initiative.</span></p> <p><span style="font-size:14px">Additionally, former Finance Secretary Ashok Lavasa delivered a thematic address on governance and transparency in climate finance.</span></p> <p><span style="font-size:14px">He highlighted the importance of strong MRV (Monitoring, Reporting, and Verification) frameworks and strategic market alignment for Indias success in the carbon economy.</span></p> <p><span style="font-size:14px">As India navigates evolving global carbon policies, experts stress the urgency of proactive adaptation to mitigate trade impacts and ensure sustainability in high-emission industries.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41218 https://knnindia.co.in/news/newsdetails/sectors/india-prepares-for-impact-of-eus-carbon-border-adjustment-mechanism 2025-02-27 14:20:52 knnindia.co.in