EU carbon border levy could sabotage climate goals, says thinktank

Requiring carbon certificates could lead African producers to sell in markets with lower standards

The EU could inadvertently “sabotage efforts” to limit global heating to 1.5C or 2C as a result of a controversial carbon border levy, a thinktank has said.

The European Council on Foreign Relations (ECFR) said the EU’s proposed “carbon-border adjustment mechanism” (CBAM) – which would require importers of energy-intensive goods to pay a price for environmental damage – could lead to African producers selling into other markets with lower standards, hindering climate action.

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from The Guardian https://ift.tt/3EnB1OH