CleanTech
Europe wanted its carbon border tax to go global- is it working?
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PARIS: The EU’s carbon border tax was designed to do more than clean up its own economy: it hoped to encourage trading partners to put a price on pollution as well.
As the levy system becomes fully operational on January 1, countries exporting emissions-intensive goods to the European Union face a choice: pay at the border, or adopt their own carbon rules at home.
The policy is already helping reshape climate policies far beyond the European Union, experts told AFP, even as critics accuse Brussels of protectionism.
What is the CBAM?
The Carbon Border…
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