You know who this is going to hurt? The peasants and small businesses
The world’s first carbon border tax will soon go live — shaking up global trade
The European Union is less than three months away from launching its carbon levy — the world’s first large-scale border tax on carbon-intensive goods.
The forthcoming step, which has the potential to completely transform global trade, comes as part of the bloc’s efforts to slash greenhouse gas emissions from heavy industries and promote cleaner production processes across the globe.
Starting from Jan. 1 next year, the EU’s Carbon Border Adjustment Mechanism (CBAM) will impose a cost on goods such as steel, fertilizers, cement, aluminum and hydrogen imported from outside the 27-nation bloc.
Under the terms of the policy, importers bringing these goods into the EU will be required to purchase CBAM certificates to cover their associated emissions. The cost of these certificates is expected to be the same as the EU Emissions Trading System (ETS) market price.
What happens? They sell those products at a higher price, and doing that with fertilizer will increase the cost of food, already high from all the EU policies, including on the climate scam. Cement? Same thing.
Not everyone is thrilled about the EU’s upcoming carbon border tax. The U.S., China, India and Brazil are among the countries that have raised concerns, with some threatening to take retaliatory measures and others warning the policy might hinder rather than help global climate efforts. (snip)
The U.S., for its part, has warned that European climate rules could threaten the EU’s trade deal with the White House.
U.S. President Donald Trump struck a framework agreement with European Commission President Ursula von der Leyen in late July, establishing a tariff ceiling of 15% for most EU goods from the start of August.
It’s always the Elites placing these climate scams into law, but, those policies never seem to hurt the Elites. They probably have investments where they make money off the scam policies.
So, the EU think that President Trump’s tariffs ideas are pretty smart, trying to protect themselves from outside competition, but justifying it based on
global warmingclimate change. Got it!As much as we hate to disagree with Donnie and Teach, the fact is that global warming is real.
But the climate change deniers won the US presidency, so the same crew that feels that vaccines kill Americans, that Tylenol causes autism, that “warriors” must shave daily, that shutdowns are “good” also deny that CO2 absorbs infrared radiation.
So relax. Donnie is in charge. He’s got this.
“Global warming is real”. That it’s a “crisis” isn’t real at all.
Ellie
The issue isn’t change. It is the cause and how to mediate.
Your side wants to destroy civilization.
Louise,
Your side wants to see civilization destroyed.
The cause of global warming is clear. It’s greenhouse gases.
How to mediate? Cut CO2 emissions.
A solar array the size of California would generate enough electricity to supply the world. Crazy, huh? If there was just some way to generate electricity when half the world is dark… Or to store electricity.
Of course, since Donnie, his minions and the fossil fuel corporations believe that global warming is a hoax/scam, just relax. The problem will take care of itself!
So relax, Louise.
Yay! The EU is going to make it even more expensive to do business with or in the EU! I’m sure that will work out for them.
I deal with EU environmental regulations every day and the increasing number of them as well as their reach is getting more difficult and more time consuming to handle. I have to wonder when it will reach the point when it is no longer attractive or economically viable to do business with the EU.
It’s all about the money. It has always been about the money. Last year’s forest fires in Canada alone erased all of the carbon savings on the planet for the entire history of fake carbon savings and they will have all those fires again next year. None of those fires will be set by climate change. A small number will be set by lightning. A larger number will be set by arsonists. The largest number will be set by the Canadian government to do things like controlling invasive species of beetles or ferns.