WELCOME TO THE CREVASSE
Real Asset Research A Mile Deep
THE EU'S PROPOSED CARBON BORDER ADJUSTMENT TAX (PART 1)
The European Union (EU) may soon push forward with a carbon border adjustment mechanism (CBAM) if it can ensure compliance with the World Trade Organization (WTO). The EU parliament backed the CBAM proposal in March, and the European Commission is set to make a formal legislative proposal for a CBAM shortly. We anticipate that Parliament and the Commission will begin negations in the second half of the year.
BOLD CLIMATE STIMULUS BY THE EU
On May 27th, the European Commission proposed the most significant fiscal stimulus in Europe's history with climate investment at the heart of the bloc's recovery effort.