New Delhi, Feb. 27 -- India's export sector, particularly in steel, aluminium, and other high-emission industries, is set to face challenges due to the European Union's Carbon Border Adjustment Mechanism (CBAM), warned Thomas Kerr, Lead Climate Change Specialist at the World Bank.

Speaking at PRAKRITI 2025, an international conference on carbon markets, Kerr emphasised the need for Indian businesses to align with global carbon pricing policies.

"The European Union's CBAM will impact Indian exports, particularly in steel, aluminium, and other high-emission industries. This calls for urgent action in domestic carbon markets," Kerr stated.

He underscored that India's carbon market does not function in isolation and is influenced by intern...