Posted on 12/13/2022 9:34:31 AM PST by Oldeconomybuyer
BRUSSELS (Reuters) - After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonise.
Negotiators from EU countries and the European Parliament reached a deal at around 5am in Brussels, on the law to impose CO2 emissions costs on imports of iron and steel, cement, fertilisers, aluminium and electricity.
Companies importing those goods into the EU will be required to buy certificates to cover their embedded CO2 emissions. The scheme is designed to apply the same CO2 cost to overseas firms and domestic EU industries - the latter of which are already required to buy permits from the EU carbon market when they pollute.
Mohammed Chahim, European Parliament's lead negotiator on the law, said the border tariff would be crucial to EU efforts to fight climate change.
"It is one of the only mechanisms we have to incentivise our trading partners to decarbonise their manufacturing industry," Chahim said.
The aim of the levy is to prevent European industry from being undercut by cheaper goods made in countries with weaker environmental rules.
It will also apply to imported hydrogen, which was not in the original EU proposal but which EU lawmakers pushed for in the negotiations.
Some details on the law, including its start date, will be determined later this week in related negotiations on a reform of the EU carbon market.
(Excerpt) Read more at usnews.com ...
The scam continues.
The world seems hellbent to destroy itself in an attempt to save itself.
“The world seems hellbent to destroy itself in an attempt to save itself.”
It’s the same old European assholes working with our homegrown American assholes to enslave us.
“tariff on imports of polluting goods such as steel and cement”
Europe must be wanting to commit suicide.
I would say this puts them in the bronze age but you need fire to make bronze.
I would say this puts them back in the stone age since you can carve rock without fire. But people back then burned fires to stay warm.
So to be carbon-free they will need to live like people 400,000 years ago before the invention of fire.
Stupid 💩s. People all over the world are getting sick of this crap. It’s not going to end well. A lot of dead people.
Never mind the green rhetoric, it is the ruling class making total economic war on their people.
Previously ruling classes were somewhat restrained by the knowledge that to survive they needed workers indigenous to their own countries. They no longer think that.
They should step up and duct tape their mouths and noses so they don’t emit CO2 themselves.
King Biden will make an Executive Order.
The GOP-e will go back into hiding.
The Global Tax will be implemented without anyone ever voting on it.
After all the smart people emigrated to the new world, or were killed off in world wars, this is what you’re left with, a continent of fools.
Egad. Sadly, I agree with your assessment.
Stick a knife in it. Europe is fini.
Maybe they should add the highly polluting solar cells and windmills?
When they run out of imported goods, they may change their useful idiot minds.
Wonder if the timing of this has anything to do with those very recent arrests...
The makers of huts are celebrating.
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