An environmental tax is a financial charge aimed at reducing environmental harm. It encourages businesses and individuals to adopt eco-friendly practices. This tax targets pollution and resource depletion. The revenue generated can fund sustainable initiatives. It aims to promote a greener economy. Such taxes can influence consumer behaviour and drive innovation in clean technologies. Overall, it seeks to balance economic growth with environmental protection.
The year has begun on a worrying note for Indian exporters with the European Union extending its Carbon Border Adjustment Mechanism (CBAM) to imports. From 2026, Indian exports...
