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CO2 limit tax as an opportunity for China?

“Carbon Border Adjustment Mechanism”, “CO2 border adjustment system”, “CO2 border levy” – the name for the project from Brussels is unwieldy, but it nevertheless took an important step yesterday: The European Parliament voted by a large majority in favor of the CO2 limit levy and adopted its report with recommendations to the EU Commission. The next step is the proposal of the Brussels authority, which is expected in the second quarter of this year. Critics argue that the name of the regulation could simply be shortened to what the levy really is: a “CO2 import tax” or a “climate tariff”.

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