Politics
EU Carbon Border Levy Will Not Be a Quick Fix, Researchers Say
- Europe mulls emissions price on imported steel, cement
- EU plan is set to require extensive consultations with WTO
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The European Union plan to put a levy on certain emissions-intensive commodity imports may offer only limited protection against the relocation of production to countries with laxer climate policies.
The European Commission’s proposed Carbon Border Adjustment Mechanism, part of an economic overhaul to make Europe the world’s first climate-neutral continent, will also require extensive consultations with the World Trade Organization, according to researchers from the European University Institute.