Europe’s Carbon Tax Is Rewriting the Economics of Indian Steel ...Middle East

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Europe’s Carbon Tax Is Rewriting the Economics of Indian Steel
source : OILPRICE ( Middle East ) () 9
The tax on carbon Europe introduced at the beginning of the year may have some surprising knock-on effects. The higher cost to producers for exporting goods that were produced using carbon-intensive methods to Europe may drive some to clean up operations. In India, some producers are exploring the potential for transitioning to green steel to reduce emissions and cut export costs to one of its biggest markets. India is one of the world’s main steel producers, and it has become a major supplier of the metal to the European market. India achieved…

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