Carbon border tax: Europe's own goal?
Montel Weekly
English - April 12, 2024 05:00 - 30 minutes - 21 MB - ★★★★★ - 1 ratingBusiness News Business News energy news business market renewables policy environment europe Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The EU's carbon border adjustment mechanism (CBAM) is intended to address the issue of carbon leakage - preventing companies moving to jurisdictions with less stringent emissions rules - and to keep industrial sectors in the EU competitive by charging a carbon levy at its borders. But the inclusion of electricity could trigger several unintended consequences. Listen to a discussion on how the law could significantly affect electricity flows between non-EU and EU countries and impact investment in renewable energy. Could the border tax actually hinder moves to decarbonise Europe?
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guests: Phil Hewitt, Director Montel Analytics; Jean-Paul Harreman, Director Montel Analytics.