Conform to EU’s ‘carbon’ obsession – or pay its trading price

Posted: January 20, 2021 by oldbrew in climate, Emissions, government, ideology
Tags: ,

H/T The Global Warming Policy Forum (GWPF)

How is this dogmatic ‘do as we do or else’ approach, of trying to impose narrow-minded climate views on the whole world, not going to stoke up a pointless trade war?
– – –
If UN climate summit (COP26) fails to deliver, the EU will press ahead with unilateral carbon border taxes, EU official warns.

The European Union’s proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit to lowering their emissions, the bloc’s climate policy chief said on Monday.

The EU’s executive Commission is expected to propose its carbon border adjustment policy before the end of June as part of a broader package of climate laws aiming to cut emissions by 55% before the end of the decade.

“It’s a matter of survival of our industry. So if others will not move in the same direction, we will have to protect the European Union against distortion of competition and against the risk of carbon leakage,” European Commission executive vice-president Frans Timmermans told an online event hosted by consultancy Global Counsel.

“Carbon leakage” would occur if companies left Europe to avoid the cost of its emissions-cutting policies.

That said, Timmermans also expressed hope that other major emitters will soon adopt carbon pricing policies as well, citing China’s pledge to go carbon neutral by 2060 and pledges by the incoming US administration to rejoin the Paris Agreement.

“The more countries and regions adopt carbon pricing mechanisms, the less need there will be for adjustment mechanisms at the border, and that’s what we’re pushing for,” he said.

Continued here.

  1. oldbrew says:

    ‘Climate laws’

    They’ve lost the plot.

  2. saighdear says:

    Oldbrew, More than that: I’d say they’ve lost their globe.
    But this is the way the WOKE brigadeare going – when it suits them…’Oh you cannot work for me since your machine engines don’t have the latest Euro 5 or 6 status…’ Don’t we have that already with entering London, etc. EV Vehicles in Norway cf oilburners, for parking , ferry and Toll charges, etc …. and now we supply more oxygen of publicity….

  3. Phoenix44 says:

    Once again the EU shows it doesn’t understand why an economy exists in the first place, let alone how it works.

    Economies exist for consumers, not producers. You run economies for consumers and producers take care of themselves. The obsession with “industries” is so damaging but Brussels has long been captured by incumbent producers. What a farce.

  4. tallbloke says:

    Boris signed us up for this crap in his Brexit deal. Fortunately, and more sensible future govt can terminate it at 12 months notice. We need to rebuild the purple people’s army.

  5. oldbrew says:

    So-called climate laws will give courts more confidence to punish alleged ‘climate offenders’, including governments themselves. All based on an outdated theory that was knocked on the head over a century ago.

  6. Chaswarnertoo says:

    Good job we’ve left.

  7. oldbrew says:

    EU official warns

    Are we quaking in our boots yet?

  8. Stuart Brown says:

    You VILL have more Vind Turbines, and ve vill make the vind operators make you shareholders, so zat ven zey go bust you lose zat way too!

  9. Gamecock says:

    EU is becoming more California every day.

  10. oldbrew says:

    JANUARY 21, 2021
    Rich nations ‘hugely exaggerate’ climate finance: study

    Developed countries promised to provide $50 billion in annual finance for adaptation by 2020. But official OECD figures show that in 2018 donors committed just $16.8 billion.

    The true figure, according to an analysis by green group CARE International, is in fact far lower: just $9.7 billion.
    – – –
    Bad news for Swiss banks?

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