Fail to decarbonize? The EU will tax you.

https://www.theguardian.com/business/2022/dec/13/eu-becomes-first-leading-economy-to-legislate-for-green-tariff-on-imports

by data_maan • 4 years ago

8 3 4 years ago

theguardian.com

ZeroGravitas2• 4 years ago

Another small step forwards towards sanity.

I was going to comment that this is a long term threat to Russia if they don't get with the program, but pleasantly suprised that the article already covered that angle.

As a sign of how things are moving in the right direction, I felt this might be stymied by the USA since they don't currently have a carbon price, but in fact it's been pushed forward because of the US introducing their own mostly very sensible legistlation. The momementum continues to build.

lost_tourist• 4 years ago

Won't they just sell to China, India or USA instead?

ZeroGravitas2• 4 years ago

USA is heavily subsidizing clean production locally, which achieves the same goal of making imported, dirty goods relatively expensive, just in a less targetted way.

China and India have forms of carbon pricing so a) they get a market advantage in the EU for their exports, b) can further support local, clean production by applying similar rules to imports.

China in particular has more to gain from selling renewable tech to the other nations than by importing cheap products based on circumventing its own laws.

Fail to decarbonize? The EU will tax you.

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