Carbon Taxes > EU industries exposed to ‘full loss of export markets’ due to climate policies -report

EU industries exposed to ‘full loss of export markets’ due to climate policies -report

Published 17:58 on April 15, 2024  /  Last updated at 17:58 on April 15, 2024  / Frédéric Simon /  Carbon Taxes, CBAM, EMEA, EU ETS, International

While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.
While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.


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