About: carbon border tax

How to make a success of the EU carbon border adjustment

The EU has clearly fallen short in communicating its upcoming carbon border levy abroad, including on how it intends to use the revenues raised by it. Fortunately, it still has time to fix these shortcomings, write Anne Gläser and Oldag Caspar.

The Green Brief: CBAM enters with a bang

The EU's carbon border adjustment mechanism – or CBAM – entered with a bang last week when a draft of the EU’s upcoming new regulation was leaked to the press. The document raised as many questions as it answered, however.

LEAK: EU’s carbon border tariff to target steel, cement, power

The European Union plans to impose carbon emission costs on imports of goods, including steel, cement and electricity, according to leaked documents obtained by EURACTIV.

Britain’s former trade secretary calls for carbon border tax

Britain’s former trade minister Liam Fox has called for a carbon border tax to help protect businesses against cheaper imports from countries with less strict climate policies.
Climate change 24-05-2021

Germany’s Scholz proposes ‘climate club’ to avoid trade friction

Germany wants the European Union to create a "climate club" with other countries like the United States, Japan and possibly even China to avoid trade friction linked to green tariffs such as a planned carbon border levy.

The EU carbon tax could create a new era of trade wars

Europe's carbon border levy to increase the cost of carbon-intensive goods entering the EU could push the Global South towards less restrictive trade deals, ultimately causing more harm to the environment, writes Muhammed Magassy.
Global Europe 05-05-2021

Ambassador: EU and South Korea born to be best like-minded partners

Climate change is likely to be a key area to strengthen cooperation between the Republic of Korea and the EU in the coming years, the country's ambassador to Brussels, Yoon Soon-gu, told EURACTIV in an interview about multilateralism, climate cooperation and the EU's Indo-Pacific strategy.

Carbon border levy should start with steel, cement and fertilisers, says Poland

Steel, cement and fertilisers should be among the first sectors protected by the upcoming carbon levy to safeguard European business from cheaper, CO2 intensive imports, according to Poland.

Time for global cooperation on industrial emissions

Current cooperation on green innovation with countries such as Japan, South Korea, India and, of course, the United States should be significantly strengthened, writes Mats Engström.

Emerging economies share ‘grave concern’ over EU plans for a carbon border levy

European Union plans to impose taxes on carbon at its border are “discriminatory” and unfair to developing nations, ministers from Brazil, South Africa, India and China have warned. EURACTIV's media partner Climate Home News reports.

Brussels rules out double carbon compensation for EU steelmakers

The European Commission has made it clear that industries covered by the EU’s upcoming carbon border levy will no longer receive free CO2 allowances under the bloc’s carbon market, the emissions trading scheme (EU ETS).

French right, Greens join forces on EU carbon border levy

The European Parliament has finally voted to maintain free CO2 allowances. This has provoked outrage among some European People's Party (EPP) MEPs, particularly from the French Republican party, who, together with the Greens, have sided against the amendment. EURACTIV France reports.

European Parliament backs plan to price carbon at EU’s border

The European Parliament on Wednesday (10 March) overwhelmingly endorsed the creation of a carbon border charge that would shield EU companies against cheaper imports from countries with weaker climate policies.

EU Parliament votes to retain free CO2 quotas for industry

The European Parliament has rejected proposals to phase out free CO2 pollution credits for industries covered by the EU’s Emissions Trading System (EU ETS), even as the bloc plans to gradually replace the scheme with a carbon levy at its border.

Asian countries see EU carbon border levy as protectionist: survey

The European Union’s carbon border adjustment mechanism, due to be presented in June, is broadly perceived as a protectionist and unilateral move, according to a survey of decision-makers in China, India, Japan and other Asian countries.

Industry lobbies EU lawmakers to change carbon border levy plan

Some of Europe's largest industry groups have asked European Union lawmakers to change their position on the bloc's planned carbon border policy, in a last-minute lobbying push ahead of a vote on Tuesday (9 March), emails seen by Reuters show.

Poor countries in line to receive funds from EU carbon border levy

The future carbon border adjustment mechanism is part of the "new own resources" for the EU budget and must be used to "combat global warming" across the world, Green MEP Yannick Jadot said on Wednesday (3 March). EURACTIV France reports.

A carbon border tax on fertilisers? Think twice, EU told

The fertiliser industry is increasingly cited as an ideal testing ground for the EU’s upcoming carbon border levy, due to be tabled in June. But industry figures warn this risks causing an increase in food prices that could trigger social unrest.

Carbon border levy should be in place no later than 2023, EU lawmakers say

Lawmakers in the European Parliament on Friday (5 February) backed a levy on carbon-intensive products imported into Europe, calling on the European Commission to introduce a so-called "carbon border adjustment mechanism" as quickly as possible.

China says ‘more consultation’ needed on EU carbon border levy

The European Commission needs to have further discussions with Beijing and other trading partners about its upcoming carbon border levy, a senior Chinese diplomat said at a EURACTIV event on Thursday (28 January).

EU carbon border levy shaping up as ‘notional ETS’

Revenues from the European Union’s upcoming carbon border charge will be “recycled” to replenish the EU budget and finance the bloc’s green transition, senior officials have said. However, this won’t be the main goal, they cautioned, saying the new levy must pursue environmental objectives to comply with WTO rules.

EU sees carbon border levy as ‘matter of survival’ for industry

The European Union's proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit to lowering their emissions, the bloc's climate policy chief said on Monday (18 January).

2021: Another decisive year for Europe’s climate ambitions

Climate policy will again take centre stage in 2021, with the European Commission expected to table a mammoth package of green laws in June, before the COP26 UN climate summit in Glasgow caps off a year packed with milestones for European climate policy in December.

MEP Canfin: EU’s carbon border adjustment mechanism ‘is not a tax’

The European Union’s future carbon border adjustment mechanism must mirror the EU’s own carbon market price and structure in order to be compatible with WTO rules, says Pascal Canfin.