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Europe's carbon border tax fights climate change
Oped, Jeffrey Frankel, Published on 29/05/2024
» The European Union's Carbon Border Adjustment Mechanism (CBAM), officially launched in October, now requires importers to report on the direct and indirect greenhouse gas (GHG) emissions embedded in the goods they import. Beginning in January 2026, the EU will start imposing tariffs on imports from countries that do not price carbon at the bloc's market rate, which could significantly affect carbon-intensive producers among its trading partners.
Let the WTO referee carbon border taxes
Oped, Jeffrey Frankel, Published on 08/12/2022
» Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.