July 2021 | 191 comments (191 topical, editorial, 0 hidden)

Re: July 2021 "carbon leakage" (none / 0)

Carbon Border Adjustment Mechanism: Questions and Answers

Which sectors will the new mechanism cover and why were they chosen?
The CBAM will initially apply to imports of the following goods:

cement

iron and steel

aluminium

fertilisers

electricity

These sectors have a high risk of carbon leakage and high carbon emissions. The administrative feasibility of covering the sectors in the CBAM from the start was also taken into account.

by Cat on Sun Jul 18th, 2021 at 06:09:46 PM EST
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Desertec "carbon leakage" hack (none / 0)

CBAM will be applied to electricity generated in and imported from countries that wish to integrate their electricity markets with the EU until such a point that those electricity markets are fully integrated. At that point, and under strict conditions linked to their implementation of certain obligations and commitments, these countries could be exempted from the mechanism. If that is the case, the EU will revisit any exemptions granted in 2030, at which point those partners should have put in place the decarbonisation measures they have committed to, and an emissions trading system equivalent to the EU's.

by Cat on Sun Jul 18th, 2021 at 06:13:14 PM EST
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Re: July 2021 "carbon leakage" (none / 0)

US raises concerns over Europe's planned carbon 'border tax'

Across the Atlantic, US climate envoy John Kerry warned in March that the EU levy should be envisaged only as a last resort measure, saying: "It does have serious implications for economies, and for relationships, and trade."

France sceptical about extending carbon pricing to buildings, transport

Do not make the mistake of extending the carbon market to ~~heating~~ hydrocarbon fuel. We experienced it in France, it gave us the Yellow Vests," warned Pascal Canfin, the chair of the European Parliament's environment committee, who called the proposed reform "politically suicidal".

by Cat on Sun Jul 18th, 2021 at 06:31:15 PM EST
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Re: July 2021 "carbon leakage" (none / 0)

I suppose if you are a politician, death by "political suicide" is worse than "actual physical deaths of millions of people."

by asdf on Mon Jul 19th, 2021 at 03:56:16 PM EST
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willing spirit, weak flesh, or vice versa (none / 0)

EU ministers attack plans to extend carbon pricing to ~~heating, transport~~ hydrocarbon fuel

The [Flying] Dutchman, who is affiliated with the socialist party in the Netherlands, implored EU countries to first properly analyse the proposal before throwing it out of the window.
"I just want a fair assessment. Some people reacted even before we came up with a plan, saying it was political suicide or something else," he said.

wut

The European Union has launched a legal challenge at the World Trade Organisation against Russian measures it says restrict or prevent EU companies from selling goods to Russian state-owned enterprises.
[...]
In addition, Russian firms wanting to procure certain engineering products abroad need authorisation, the Commission said. It also complained about national quota requirements of up to 90% in the procurement of about 250 products, including vehicles and textiles.

by Cat on Tue Jul 20th, 2021 at 08:45:12 PM EST
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July 2021 | 191 comments (191 topical, 0 editorial, 0 hidden)