US EditionHow Europe’s New Carbon Tax on Imported Goods Will Change Global Trade
The EU's carbon border tax will require importers to buy certificates covering emissions in key materials, aiming to prevent carbon leakage and support clean technology funding.
7 Articles
7 Articles
How Europe's new carbon tax on imported goods will change global trade—and our shopping habits
For people living in the EU, the price of their next car, home renovation and even local produce may soon reflect a climate policy that many have never even heard of. This new regulation, which comes fully into force on New Year's Day, does not just target heavy industry—it affects everyday goods which now face an added carbon cost when they enter Europe.
How Europe’s new carbon tax on imported goods will change global trade – and our shopping habits
Image by pikisuperstar on Freepik, FALFor people living in the EU, the price of their next car, home renovation and even local produce may soon reflect a climate policy that many have never even heard of. This new regulation, which comes fully into force on New Year’s Day, does not just target heavy industry – it affects everyday goods which now face an added carbon cost when they enter Europe. The carbon border adjustment mechanism (CBAM) puts …
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