Published: 13th December 2022 Today, the EU reached a provisional agreement on a new carbon tariff on goods imported into Europe (the Carbon Border Adjustment Mechanism). In response, Chiara Putaturo, Oxfam EU Tax expert, said:
Posted March 11th, 2021 for European Parliament The mechanism must not be misused to further protectionism All imported products under the EU Emissions Trading System should be covered It should constitute an alternative to existing measures on carbon leakage To raise global climate ambition and prevent ‘carbon leakage’, the EU must place a carbon price on imports from less climate-ambitious countries, say Environment MEPs. On Friday, the Committee on Environment, Public Health and Food Safety adopted a resolution on a WTO-compatible EU carbon border adjustment mechanism (CBAM) with 58 votes for, 8 against and 10 abstentions. The resolution underlines that the EU’s increased ambition on climate change must not lead to ‘carbon leakage’ as global climate efforts will not benefit if EU production is just moved to non-EU countries that have less ambitious emissions rules.