‘Living costs will rise, inflation will be high’: Piyush Goyal warns EU over carbon tax
Indian Commerce Minister Piyush Goyal has warned the European Union that its proposed carbon tax will lead to increased living costs and higher inflation. He expressed concerns about the economic impact of such environmental regulations on developing nations.
Why it matters
This highlights the growing friction between developed nations' climate policies and the economic growth priorities of emerging markets.
‘Living costs will rise, inflation will be high’: Piyush Goyal warns EU over carbon tax left https://th-i.thgim.com/public/incoming/bpxhtw/article71615632.ece/alternates/FREE_1200/472022706.jpg YEN DUONG Piyush Goyal, India's minister of commerce and industry, at the Berlin Global Dialogue in Berlin, Germany, on Thursday, Oct. 22, 2026.
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