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The European Union’s decision to slap a carbon tax on imported goods that do not meet strict green standards has sent shockwaves around the world. But there is still a lot of work to be done on the carbon border adjustment mechanism and plenty of uncertainty about how the new anti-climate-dumping tool will actually work in practice
Despite not even being implemented yet, the new carbon border adjustment mechanism is having an impact globally
EXPORT INCENTIVES Some carbon-intensive industries bemoan a lack of support for European exports that reduced their environmental impact
GLOBAL INTEGRATION Different markets have taken different approaches in response to the EU’s border tax plans
KEY QUOTE This is the first time anyone, anywhere has attempted to do carbon border taxation on this scale and teething problems are inevitable ...
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Decarbonising is easy when a regulator can set rules and regulations for the territory it oversees. But how do you convince other countries or regions to go green? A new hybrid trade and climate superweapon recently created by the EU aims to solve that conundrum. Get ready for the CBAM
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Demand for electric vehicle batteries in Europe is accelerating thanks to a mix of new regulations and promising business cases, which has sparked a homegrown industry that aims to take on the world. But the policies will need to be strong enough to fend off the vagaries of geopolitics
Regulators normally only keep tabs on the climate-bashing emissions produced within a country’s territory—discounting or even completely ignoring the carbon emitted during the manufacturing and shipping of imported goods. Sweden is bucking that trend with an ambitious new policy
