India and China challenge climate trade measures at COP29 in Baku

At COP29 in Baku, a request from China, India, and other countries to discuss climate-related trade measures delayed the conference's start. They oppose the EU's Carbon Border Adjustment Mechanism, which taxes imports based on emissions, arguing it unfairly impacts developing nations. The EU's measure aims to maintain competitiveness while reducing global emissions but has been criticized for disadvantaging countries like India and China. These nations claim it violates international agreements designed to protect their economic interests in climate action. The ongoing debate highlights a trend toward protectionism, as countries reassess global supply chains in light of climate change and recent disruptions. This shift may lead to more trade barriers and a reevaluation of international trade practices.