Letzte Aktualisierung: March 11, 2021

CO2 limit tax as an opportunity for China?

The European Parliament has given the green light for a report on the CO2 limit levy. A number of things are still open until the EU Commission presents its proposal later this year. What is clear, however, is that the new mechanism will bring money into the EU coffers. Critics fear that trading partners could see the levy as an additional tariff, making the project implausible in terms of climate policy. For China, however, the EU project could also have advantages.

"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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