Carbon border tax: Europe’s climate fortress endangers Germany’s strength, say press critics

Posted: July 6, 2021 by oldbrew in climate, Critique, Energy, government, ideology
Tags: , ,

euro1Pointless EU climate ideology is going in the opposite direction to its economic success. Protectionist barriers tend to annoy the victims, with unknown but likely repercussions. Any idea that harmless carbon dioxide is ‘dirty’ is a bad joke, but makes endless work for meddling bureaucrats.
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The EU wants to impose a carbon border tax on Europe’s borders and thus protect domestic producers from dirtier (sic) producers from abroad, says Die Welt (via The GWPF).

Experts warn of a loophole that could hit German exporters seriously.

Federal Minister of Economics Peter Altmaier met two Vice-Presidents of the European Commission when he visited Brussels on Friday: Margrethe Vestager, who is responsible for digital, and Valdis Dombrovskis, who is responsible for economic issues.

The CDU politician wanted to talk to both of them about the steel industry – and about how European steel producers can economically survive the tightening of EU climate targets.

The plans for a CO2 border adjustment tax are also likely to have been an issue. Because the work of the Commission on legislative proposals for such a CO2 surcharge at the borders of the EU are ready to go.

The Carbon Border Adjustment Mechanism, which in Brussels is affectionately known as CBAM for short, aims to make imported products that are produced less climate-friendly overseas than in Europe more expensive at the borders of the EU.

This climate protection wall around the continent is intended to ensure that European producers with their higher energy costs and stricter environmental regulations remain competitive on their home market.

Full article here.

  1. oldbrew says:

    how European steel producers can economically survive the tightening of EU climate targets

    Climate dogma only ever gets more expensive as rules are piled on top of rules.

  2. Graeme No.3 says:

    I wonder if these bureaucrats ever think ahead.
    What happens when the steel industry shuts down to reduce emissions? The car industry will have go as well, along with others. There will be a problem with a lot of unemployed workers and reduced taxes.
    Very soon everybody will be “employed” filing reports to each other and dependent on money printing for their income and that can only end with hyperinflation. Soon everyone will own nothing, but will they be happy?.

  3. oldbrew says:

    LEAK: EU to propose aviation fuel tax in green policy push with Reuters Jul 5, 2021

    From 2023, the minimum tax rate for aviation fuel would start at zero and increase gradually over a 10-year period, until the full rate is imposed. The draft proposal did not specify what the final rate would be.
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    Subsidies to renewables, electric car buyers, hydrogen producers etc. have to be paid for somehow.

  4. Phoenix44 says:

    They are explicitly acknowledging that their climate policies are going to make everything more expensive. Which means fewer jobs and less wealth created. Imports are only ever a small part of major developed economies in large countries so the real problem is the wholesale destruction of the domestic economy. And of course no trade deal will survive the EU’s barriers so the German economy will really suffer. But the Germans don’t seem to care, they will elect a Green chancellor and once again suffer for their foolish complacency

  5. oldbrew says:

    EU to exempt private jets and ‘pleasure flights’ from climate tax on jet fuel
    Date: 07/07/21

    The European Commission has proposed exempting private jets and cargo flights from the planned EU jet fuel tax. A draft indicates that the tax would be phased-in for passenger flights, including ones that carry cargo.
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    Cough up, peasants!

  6. tom0mason says:

    “The EU wants to impose a carbon border tax on Europe’s borders and thus protect domestic producers from dirtier (sic) producers from abroad, …”

    And ‘dirtier’ producer nations couldn’t possibly do anything about this?
    Anti-EU sentiment builds with preferential access going to protectionism, and on to trade war!?
    Are these dull EU bureaucrats so unaware of there own history?
    Line-up the dominoes just to watch them fall!

  7. Gamecock says:

    “Okay, but don’t call it a tariff. We’ll call it a ‘carbon border tax.’ That should avoid a tariff war.”

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