CBAM – European Neighbourhood Monitor

India Seeks Major Trade Concessions from EU Amid Ongoing Free Trade Negotiations

India is pushing for significant concessions in its free trade talks with the European Union, signaling growing resistance to the EU’s efforts to impose uniform standards on global partners. In an exclusive interview with The Capitals, India’s External Affairs Minister S. Jaishankar criticized the EU’s Carbon Border Adjustment Mechanism (CBAM), describing the policy as burdensome […]

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Just before leaving office, Biden sets new climate goal

Environment / ENM

In the United States, the Biden administration has announced a new climate target. The U.S. already committed to zeroing out its greenhouse gas emissions by 2050. The new American interim NDC now foresees to change this from 50 – 52% by 2030, based on the country’s 2005 greenhouse gas emission levels, to 61 – 66%

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EU “climate tariff” CBAM increasingly under fire

Environment / ENM

Writing for EU Observer, Frances Li rails against the EU’s new carbon tariff carbon border adjustment mechanism (CBAM). She notes: “The EU prides itself in its progressive values, including its commitment to sustainable development. However, its incoming deforestation regulation and carbon border adjustment mechanism (CBAM) disproportionately burden developing countries–and within them, smaller and medium sized

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Emerging economies take aim at EU external climate tariff CBAM

Africa / ENM

The prospect of the external carbon tariff or “carbon border adjustment mechanism.” (CBAM) which the European Union will be introducing in October is causing ever more debate. The measure is designed to prevent polluting companies from relocating to countries with less stringent environmental regulations, but opponents point at the disproportionate cost to emerging economies. Le

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Emerging economies to challenge EU climate levy at WTO

Indo-Pacific / ENM

India, South Africa, Taiwan and several other emerging economies are looking at challenging the EU’s “Carbon Border Adjustment Mechanism” (CBAM) at the World Trade Organisation (WTO). Indian Commerce Minister Piyush Goyal had previously warned that India will take “retaliatory measures” against what he considers to be unfair customs tariffs. According to estimates, these would hit

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A closer look at CBAM, the EU’s new external carbon tariff

Energy / ENM

Following the agreement on the EU’s new external carbon tariff CBAM, Ron Stoop, a Dutch political economist, takes a closer look at this new “Carbon Border Adjustment Mechanism”. He writes: “The Carbon Border Adjustment Mechanism (CBAM) is a new EU law that attempts to protect low-carbon production in Europe against ‘dirty imports’, which are often

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“Developing economies hit hardest by EU’s carbon border tax”

Africa / ENM

In a new analysis, leading rating agency S&P Global warns that the EU’s external climate tariff CBAM, which stands for “Carbon Border Adjustment Mechanism” will hit developing economies the hardest. It explains: “Phasing in from 2026, CBAM will levy a carbon tax on imports of selected energy intensive materials and products into the EU, removing

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