Europe’s controversial carbon plan could be a global game-changer
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The European Union has unveiled a sweeping plan to slash its carbon emissions by 55 per cent before 2030, potentially reshaping the global trading order by imposing border tariffs on nations – like Australia – that do not have some form of carbon price.
“By acting now we can do things another way... and choose a better, healthier and more prosperous way for the future,” European Commission President Ursula von der Leyen said on Wednesday of the plan.