The Carbon Border Adjustment Mechanism ("CBAM") adopted by the European Union ("EU") is set to come into force from 01st October 2023. With the adoption of the CBAM, the Indian industry is set to face its toughest challenge yet.
The CBAM will initially cover a handful of sectors like iron, steel, aluminium, hydrogen, and fertilizers. The day when the scope of the CBAM will be expanded to cover the broader chemicals sector is not far away. Given the economic importance of exports for the Indian chemicals sector, it is important for the Indian industry to start thinking of the larger picture right away. This will require the Indian chemicals sector to put in place a strategy for decarbonization and a mechanism for reporting data on its carbon footprint.
With the objective of alerting the Indian chemicals industry to the implications and challenges that lie ahead, CHEMEXCIL is organizing the Webinar on “EU’S CARBON BORDER ADJUSTMENT MECHANISM (CBAM) - OPPORTUNITIES AND RISKS FOR THE INDIAN CHEMICALS INDUSTRY “in association with Lakshmikumaran & Sridharan (LKS)
Date and time: 12 October 2023 (Thursday), 3:00 PM
- Ms. Charanya Lakshmikumaran, Partner, LKS
- Mr. Ankur Sharma, Partner, LKS