Saturday, May 06, 2023

European Union: Carbon Border Adjustment Mechanism

The EU is so insane about the Global Warming hoax and Climate Change religion! It also appears the EU is the first to introduce such climate tariffs!

Such foolish and anti free trade measures will hopefully come crashing down on the EU!

The EU is becoming more and more a global hegemon! Do as we do or else!

"Climate change is a global problem that needs global solutions. As the EU raises its own climate ambition, and as long as less stringent climate policies prevail in many non-EU countries, there is a risk of so-called ‘carbon leakage'. Carbon leakage occurs when companies based in the EU move carbon-intensive production abroad to countries where less stringent climate policies are in place than in the EU, or when EU products get replaced by more carbon-intensive imports. ...
On 18 April, the European Parliament approved the political agreement of December 2022. On 25 April, the CBAM agreement was also formally approved by the Council of the European Union. The co-legislators will now need to sign the new Regulation before it is published in the Official Journal of the EU. The CBAM will then start applying in its transitional phase as of 1 October 2023. ..."

Carbon Border Adjustment Mechanism



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