Equitable carbon burden: EU must drop its carbon border adjustment proposal

Equitable carbon burden: EU must drop its carbon border adjustment proposal

Not only will a border adjustment tariff likely make fossil-based power in the developed world more competitive—since it will punish similar generation in its exporter-nations—it will also disincentivise companies from moving factories/new investment to low-cost jurisdictions.
Check the source here –Source, Financial Express.

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