India opposed Carbon Border Tax..!? What happened..!?

The 27th Conference of the Parties (COP) of the United Nations Framework Convention on Climate Change (COP) in Egypt's Sharm el-Sheikh city has reached its final stage. Efforts to reach a firm agreement on the carbon data-border tax have been accelerated in this meeting, and this new tax has become a global trend. We need to know why the United Nations Framework on Climate Change was created. Carbon Border Adjustment Taxes are taxes on imports based on the number of carbon emissions caused by the production of a product.
The purpose of this tax is to put a price on carbon emissions so that we can look forward to ways to reduce them. But if this tax is seen at the trade level it will seriously affect production and export. Carbon data-border tax has been debated by many sector experts for many years. If it is decided and designed as a topic, it will necessarily affect not only the trade market but also the trade relations between the countries of the world, so the decision was not reached.Carbon leakage is seen as a major threat to the EU, and action is needed to prevent it. Accordingly, the Carbon Border Adjustment Mechanism (CBAM) was withdrawn, declaring that it would underestimate european and global climate objectives while recommending production shifts for countries that are not concerned about carbon emissions. It is in this situation that the 27th Conference of the Parties (COP) of the United Nations Framework on Climate Change (COP) has reached its final stage. In this meeting where the countries of the world are participating, the confederation of many countries, including India, will result in the distortion of the trade market through carbon data-border taxes and will affect the trust between the countries. The european union has proposed a policy called the Carbon Border Adjustment Mechanism, which would tax carbon-intensive products such as cement and steel, starting in 2026.BASIC - A group consisting of Brazil, India, South Africa, and China. All major economies have been heavily reliant on coal for many years. Right now most countries are making efforts to transition to clean energy and are insisting that the right to use fossil fuels is necessary for the interim.The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental agreement to combat dangerous human intervention in the climate system. The United Nations Conference on Environment and Development (UNCED) was signed by many countries at the Earth Summit held in Rio de Janeiro from june 3 to 14, 1992.