Use of green energy to help industry deal with EU’s carbon tax: Goyal

The government’s initiative to increase the use of green energy and some policy interventions would help the Indian industry tide over the impact of the EU’s decision to impose a carbon tax on sectors like steel and aluminium, Commerce Minister Piyush Goyal said on Wednesday.

He said that India is in dialogue with the European Union and with other countries to see how these new initiatives like CABM (carbon border adjustment mechanism) will impact Indian industry and manufacturers.