The metals sector, which provides precursor materials for many of the sectors covered by the EU’s new climate border levy, is having to make big adjustments to prepare for new requirements.
German exporters are vacillating between hope and pessimism over the prospects of the EU striking new trade deals during the European Commission’s upcoming five-year mandate, with the country’s top export-driven sectors warning that the bloc must chang…
The EU’s CO2 tariff continues to provoke basic operational questions within the business community, even though companies are already subject to its formal reporting obligations.
New European legislation on a border carbon tax and a ban on imports linked to deforestation pave the way for progress in international negotiations on “mirror clauses” in agricultural trade with non-EU countries.
Britain said on Monday (18 December) it would implement a new import carbon pricing mechanism by 2027, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonisation efforts.
The EU’s new carbon imports levy could cost African states up to $25 billion per year, the President of the African Development Bank has warned, in a new critique of the new tax.
Chancellor Scholz’s long-held plans to establish a “climate club” of ambitious countries will finally see the light at the COP28 summit in Dubai, with 33 members initially expected to join, including all G7 countries, Chile and Mozambique.
With an overwhelming majority, the European Parliament has adopted a new instrument to fight economic blackmail. At the same time, however, the EU itself is facing accusations of coercion with its environmental rules.
The first phase of the EU’s Carbon Border Adjustment Mechanism (CBAM) kicks in on Sunday (1 October), obliging exporters in six carbon-intensive industrial sectors to report their emissions to EU authorities.
US President Joe Biden will host European Commission President Ursula von der Leyen and European Council President Charles Michel on 20 October, just before a deadline to resolve a bilateral dispute over steel tariffs.
The European Union should ensure its plans to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement comply with World Trade Organisation rules, China said on Thursday (14 September), and not overstep agreed global gr…
Germany’s chemical and car industries are protesting the anticipated bureaucratic strain expected from the phase-in of the EU’s novel carbon border tariff (CBAM), while consultancy Deloitte finds that companies have failed to sufficiently prepare.
