Explained: EU’s plan to expand carbon tax to 180 products and what it means for India

CBAM expansion to hit engineering goods, auto parts, machinery; stricter rules may raise costs for scrap-based producers. A draft report by the European Parliament’s Committee on the Environment, Climate and Food Safety (ENVI) proposes extending CBAM deeper into the manufacturing value chain, covering a range of industrial goods including fabricated metal products, machinery parts, auto components, pipes, and structural materials.