In the early hours of Tuesday morning the EU became the first big economy to legislate for a green tariff on imports, to be levied on goods that are produced with high carbon dioxide emissions.The carbon border adjustment mechanism (CBAM) means that countries which fail to green their industries will soon face a new threat: an effective carbon tax that will penalise those hoping to profit from high-carbon activities, and force them to clean up.
#negotiations #electricity #institutions #czech-republic #tuesday-morning #legislators #european-commission #greenhouse-gas-emissions #climate-emergency #paris-agreement
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