| | OCTOBER 20244The European Union is at an interesting crossroads with its Go-Green movement in the industrial arena. The Carbon Border Adjustment Mechanism (CBAM) is a predominant step toward its ambition to cut emissions by 2030 by 55 percent in comparison with 1990 levels. One step further, Europe aims to become the world's first climate-neutral continent by 2050. CBAM, which is in its transitional period (starting from 1 October 2023), has the potential to impact the dynamics of the continent's trade relationship with countries like India. The introduction of the CBAM has a significant impact on businesses importing goods into the EU. The new rules will initially affect goods imported from carbon-intensive countries; the specified products include goods within the cement, electricity, fertilizers, aluminum, iron, steel and hydrogen sectors, as well as some upstream and downstream products (mainly iron, steel and aluminum). CBAM is expected to have a significant impact on India's exports, particularly for iron and steel, aluminum, cement, and fertilizers. CBAM applies to imports of specified goods, excluding those that are part of or associated with the EU Emissions Trading System (EU ETS), such as Iceland, Norway, Liechtenstein, Switzerland, and five other minor territories. Following the implementation of the CBAM, the European Commission intends to broaden its scope to encompass all sectors covered by the EU ETS by 2030. Europe has an ever-increasing number of Indian entrepreneurs who endeavor to kindle their home connections and ignite trade channels. It's going to be a significant challenge for importers in the continent. This special yearly issue is dedicated to Indian-origin business leaders in Europe.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comGo Green or Go Down the Hill EditorialVol 05 · Issue 03 - 10 ·OCTOBER, 2024 Publisher Alok ChaturvediSenior Designer Girisha M Visualisers Madhusmita Sahoo Antony Arnold FNoidaRohan S Jaspreet K Niteesh Pandey advertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagerRahul Das PattanaikTo subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore - 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.GM - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Roshan Akthar Keerthana Kantharaj Roopalatha H Viswanathan A Managing Editor Sujith Vasudevan
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