European Neighbourhood Monitor

Online magazine highlighting research, news and analysis covering the European Neighbourhood

Climate

“Cost of EU CBAM climate tariff for Africa is four times higher than EU developmend aid”

Africa / By

Experts have warned that EU’s carbon border scheme is punitive, and dramatically reduces the space for developing countries to achieve growth and to create jobs. The so-called CBAM enters into force on a transitional basis in October and it introduces a carbon tax on exports to the EU.  A study carried out by the African …

“Cost of EU CBAM climate tariff for Africa is four times higher than EU developmend aid” Read More »

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

Africa / By

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 …

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

U.S climate debate raising tensions with trading partners

Americas / By

Time magazine reports how “the World Is Protesting America’s Climate Plan”, highlighting how not only the EU but also South Korea, Japan and India are angry at the U.S. climate measures. One South Korean official dubs the law a “betrayal.” as during the COP conference in Egypt, the EU dropped an extensive document complaining of “problematic” tax …

U.S climate debate raising tensions with trading partners Read More »

© 2022 Copyright – All Rights Reserved by European Neighbourhood Monitor. – About | Privacy Policy