EU launches first phase of world's first carbon border tariff
EU launches first phase of world's first carbon border tariff
The European Union launched on Sunday the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement and other goods as it tries to stop more polluting foreign products from undermining its green transition.
BRUSSELS, Oct 1 (Reuters) - The European Union launched on Sunday the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement and other goods as it tries to stop more polluting foreign products from undermining its green transition.
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This introduces a lot of friction into international trade, green products or not
It seems to me like a good way to introduce the exact amount of friction intended. You can still ship stuff to the EU, you're just penalised for whatever emissions that come with it.
So?