EU's ecodesign regulation mandates rigorous energy performance and environmental sustainability, prohibiting the disposal of unsold textiles and footwear, potentially impacting India's export volumes
Europe is the world's biggest issuer of green bonds, accounting for more than half of global volume in 2021, though issuance is still only 3% to 3.5% of the overall bond market
The ministry will now nominate the members of the committee, established under the Environment (Protection) Act, 1986, and have the final say on the merits of its recommendations
The sectors include iron, steel, cement, coal, petroleum refineries industry, paper and pulp, hydro-electric projects, and industrial estates, among others
