Skip to comments.US raises concerns over Europe’s planned carbon ‘border tax’
Posted on 05/11/2021 10:52:29 PM PDT by Olog-hai
Implementing a border levy to price carbon-intensive imports and protect European industries will be “extremely complicated,” warned Jonathan Pershing, a member of the US climate envoy’s team.
“I do note that it’s extremely complicated to think about the structure of a border tax,” Pershing told participants at a EURACTIV debate last Friday (7 May).
“I don’t disagree in principle that it has value, but I think that it’s got enormous complexity,” he warned.
The carbon border adjustment mechanism, due to be revealed in July, aims to put a price on imports from countries where it is cheaper to pollute, as a way of protecting European manufacturers facing higher carbon costs.
But it has ruffled feathers around the world. Emerging economies such as Brazil, South Africa, India and China, have criticized the plan as “discriminatory” and unfair to developing nations.
Across the Atlantic, US climate envoy John Kerry warned in March that the EU levy should be envisaged only as a last resort measure, saying: “It does have serious implications for economies, and for relationships, and trade.” […]
Calls for a carbon border tariff are growing in Europe as the carbon price hit historic highs in recent weeks, reaching €50 per tonne for the first time since the EU carbon market was launched in 2005. …
(Excerpt) Read more at euractiv.com ...
All of this will help as inflation arrives on the front doorstep, and the public finally realizes the true cost of this gimmick.
This is silly.
“We have a bit over half a year to go towards Glasgow, and we have to use every hour of that period to join forces in our climate diplomacy to create a success at the end of the year because only then we can save planet Earth,” said (Diederik) Samsom. …This Samsom fellow, of the Netherlands’ Labor Party, is the head of the European Green Deal team, under fellow Netherlander and Vice-President of the EU Commission Frans Timmermans. Amazing to see them talk like such zealots over something so politicized and unproven.
Unelected politicians talking like they have some kind of Messiah complex.
Tariffs now good, but they cannot call them that?
Yes - this whole manufactured crisis by the Xidenites and Lurch shows you the lunacy and inherent corruption of the whole agenda. Best guess is that the entire Rat structure is torn apart by their extremist Green agenda.
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