Europe wanted its carbon border tax to go global- is it working?

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PARIS: The EU’s carbon border tax was designed to do more than clean up its own economy: it hoped to encourage trading partners to put a price on pollution as well.

As the levy system becomes fully operational on January 1, countries exporting emissions-intensive goods to the European Union face a choice: pay at the border, or adopt their own carbon rules at home.

The policy is already helping reshape climate policies far beyond the European Union, experts told AFP, even as critics accuse Brussels of protectionism.

What is the CBAM?
The Carbon Border…



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Europe wanted its carbon border tax to go global- is it working?


PARIS: The EU’s carbon border tax was designed to do more than clean up its own economy: it hoped to encourage trading partners to put a price on pollution as well.

As the levy system becomes fully operational on January 1, countries exporting emissions-intensive goods to the European Union face a choice: pay at the border, or adopt their own carbon rules at home.

The policy is already helping reshape climate policies far beyond the European Union, experts told AFP, even as critics accuse Brussels of protectionism.

What is the CBAM?
The Carbon Border…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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