HomeEconomyEurope launches carbon border...

Europe launches carbon border tax

Jacques Chirac dreamed about it. The European Union eventually did. After two decades of continuous pressure from France and despite fears of northern European countries about free trade, European institutions have finally implemented a draft carbon tax at the borders. A historic turning point for the European Union, which is on the offensive to export its climate ambitions, but also a new weapon to guarantee the competitiveness of European industry.

Discover
  • Prime Macron 2022: conditions, amount, payment date … how it works?

How will this “tax” work?

Since 2005, companies in Europe’s most polluting sectors have had to cover their emissions each year by buying carbon allowances, currently €85 per tonne. If the company’s emissions exceed its quotas, it faces a heavy fine at the end of the year. If, on the contrary, he bought a lot of rights to pollute, he can keep them for the next year or resell them. An effective mechanism, but considered a penalty for European competitiveness

This article is for subscribers only. You have 77% left to discover.

Cultivating your freedom is cultivating your curiosity.

Continue reading your article for €0.99 for the first month

ENJOYING IT!

Already subscribed? enter

Source: Le Figaro

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Restrictions on public events and raids by Russian DRGs

The Kyiv Defense Council held an urgent meeting. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . As the KMVA reported, the reason for this was statements by Russian Nazi leaders about their intentions to increase...

Berlin is expanding existing and building new container towns for refugees.

The German capital Berlin is preparing to accept more refugees. The Berlin Senate has extended the use of the former Tegel airport as a refugee center until the end of 2025. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px;...

There were 60 clashes at the front in 24 hours; Russia advanced near Avdeevka and southwest of Donetsk.

Russian troops made confirmed advances near Avdeevka and southwest of Donetsk on March 27. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . This was stated in a report by the Institute for War Research. Over the...

The Russians launched drones into the energy sector because of residential buildings – details of the night attack by the “shaheds”

At night, 26 attack UAVs were destroyed over Ukraine. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Last night, the enemy launched a missile and air strike on Ukraine using three Kh-22 cruise missiles and...