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    The EU’s CO2 Border Adjustment: Climate or Fiscal Policy? [GGP]

Summary

The EU plans to use a CO2 border adjustment on imports to improve its budget. In so doing, it risks eroding the instrument’s credibility as a response to climate change, argues Susanne Dröge.

by: SWP - German Institute for International and Security Affairs

Posted in:

Complimentary, Global Gas Perspectives, Energy Transition, Carbon, EU

The EU’s CO2 Border Adjustment: Climate or Fiscal Policy? [GGP]

The heads of state and government of the European Union propose introducing a “carbon border adjustment mechanism” from 2023, to charge imported goods according to the CO2 emitted during their production. At their recent summit, they decided to use the ensuing revenues to boost the EU’s budget. This gives a fiscal twist to an instrument actually designed for climate policy.

Read full article at SWP

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