Bureaucratic, political hurdles in store as EU’s carbon tax enters force
October 2, 2023 Comments Off
The immediate impact of the EU’s new carbon border tax, whose transitional phase started Oct. 1, is likely to be both administrative and political. The key objective of bloc’s Carbon Border Adjustment Mechanism is to accelerate the energy transition and to push peers to decarbonize and adopt carbon prices. The move has heightened political and trade tensions, especially between the…
Bureaucratic, political hurdles in store as EU’s carbon tax enters force
The immediate impact of the EU’s new carbon border tax, whose transitional phase started Oct. 1, is likely to be both administrative and political. The key objective of bloc’s Carbon Border Adjustment Mechanism is to accelerate the energy transition and to push peers to decarbonize and adopt carbon prices. The move has heightened political and trade tensions, especially between the…
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