India efficiently led the negotiations on the inclusion of sturdy language towards unilateral commerce measures to fight local weather change, such because the Carbon Border Adjustment Mechanism (CBAM) by the European Union, within the last World Stocktake textual content of the twenty eighth Convention of the Events (COP28) in Dubai.
The ultimate textual content in paragraph 154 “acknowledges that Events ought to cooperate on selling a supportive and open worldwide financial system geared toward reaching sustainable financial development and improvement in all nations and thus enabling them to raised to handle the issues of local weather change, noting that measures taken to fight local weather change, together with unilateral ones, shouldn’t represent a method of arbitrary or unjustifiable discrimination or a disguised restriction on worldwide commerce.”
Senior negotiators representing
First Printed: Dec 14 2023 | 11:40 PM IST
