By attempting to reduce carbon emissions from the production of certain imported goods through a tax whose effectiveness has yet to be proven, the EU is putting itself at odds with valuable trading partners.
In the news: Since October 1, the “Carbon Border Adjustment Mechanism” (CBAM), a kind of European carbon tax, has been in the testing phase.
- This tax applies to imports to the EU of cement, iron, steel, aluminum, fertilizers, electricity
This premium article is exclusive to subscribers
Now read 3 articles for free per month!
Do you think ahead, about the future of tomorrow? Business AM is your guide through change. Don’t follow the facts and be part of Flanders’ fastest growing business website.
Already a subscriber? Log in and get access to all premium articles.
- This tax applies to imports to the EU of cement, iron, steel, aluminum, fertilizers, electricity