The European Union has reached an agreement to impose a tax on imports based on the greenhouse gases emitted to manufacture them. This is a carbon border adjustment mechanism that introduces climate change regulation into global trading rules for the first time. climate change regulation into global trade rules for the first time..
The spirit of this measure is to protect European manufacturers against competitors from countries that have not regulated carbon dioxide emissions. It also aims to put pressure on countries to set a price on carbon and consequently stop emitting it happily.
This already approved proposal has angered the European Union’s trading partners, especially in developing countries. developing countries, where manufacturerswhere manufacturers tend to emit relatively large amounts of carbon dioxide. Also of concern is the increase in bureaucratic red tape that it may entail.
It would come into effect in October 2023but for the time being it will only require reporting of greenhouse gas greenhouse gas emissions associated with imports. Subsequently, importers would be obliged to pay the tax.
We could summarize the EU position as. “the polluter pays”.. The maxim is coherent, the idea does not seem to be despicable, although it will raise blisters…but, in any case, “Is that alone enough?”.