Finance Minister Nirmala Sitharaman Thursday said any move to levy carbon tax by developed countries to meet their green commitments would be morally wrong and goes against the interest of developing countries of the ‘Global South’. She was referring to the European Union’s proposal to impose tax under the Carbon Border Adjustment Mechanism (CBAM).
“Cross-border imposition (of tax) and that money going towards somebody else’s green agenda, if anything, is not moral at all,” Sitharaman told the CII Global Economic Policy Forum.
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