Climate Changed
Forget Carbon Border Tax, Leading EU Researcher Tells Commission
- Bruegel says incentives beat levy in halting ‘carbon leakage’
- Debate advances on preserving industry as green rules tighten
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The European Commission should scrap the idea of a carbon border tax and favor incentives for energy-intensive companies to create a greener future, a leading research group concluded.
The recommendations from Brussels-based Bruegel add to the debate about how the European Union can put into practice a commitment to zeroing out fossil fuel emissions by 2050 without scaring off industry.