WELCOME TO THE CREVASSE
Real Asset Research A Mile Deep
THE EU'S PROPOSED CARBON BORDER ADJUSTMENT TAX (PART 2)
Last week we introduced our initial thoughts on the implications of a carbon border adjustment mechanism (CBAM) being proposed by the EU. To recap, the EU is looking to place a price on carbon for select imports into the EU to incentivize similar climate policies in the country of production. The EU also wants to revisit free carbon allowances that are currently used to protect EU domestic production of goods from relocating to other countries with less prohibitive policies.