International EU goes full Green Re...

[jimjamjammer]

Leave it to the EU to come up with an over the top, poorly thought out plan.
To prevent "carbon leakage" the European Parliament Reached a Deal on a Carbon Border Adjustment Mechanism, CBAM for short.
An EU Carbon Border Adjustment Mechanism (CBAM) will be set up to equalise the price of carbon paid for EU products operating under the EU Emissions Trading System (ETS) and the one for imported goods. This will be achieved by obliging companies that import into the EU to purchase so-called CBAM certificates to pay the difference between the carbon price paid in the country of production and the price of carbon allowances in the EU ETS.
https://mishtalk.com/economics/eu-i...arbon-tax-scheme-inflationary-madness-sets-in

 

[Prutfis]

At least they are trying something. It's certainly better than the "but china" excuse the US loves so much.

 

[Tatra]

At least they are trying something.

The road to hell is paved with good intentions.

Although there's no reason to believe their intentions are good here.

 

[The Big Yin]

Sounds like protectionist tariffs to me. I'm not 100% opposed.

 

[PBAC]

The road to hell is paved with good intentions.

Although there's no reason to believe their intentions are good here.

the road to anything is paved with anything

 

[fungi]

EU is getting deindustrialized as we speak, thanks to "no more cheap russian energy".
This might be another nail into EU manufacturing's coffin. EU will be the jungle soon.

Somewhere the US and China are laughing.

 

[Tatra]

the road to anything is paved with anything

Your comment is paved with stupidity.

 

[Siver!]

Your comment is paved with stupidity.

At least they're not slapping stock quotes on a discussion as opposed to actually discussing anything.

 

[Tatra]

At least they're not slapping stock quotes on a discussion as opposed to actually discussing anything.

Another stupidity-paved comment.

 

[Siver!]

Another stupidity-paved comment.

"The road to your comment is paved with stupidity".

You don't actually pave comments.

[/derail]

 

[lifelessheap]

At least they are trying something. It's certainly better than the "but china" excuse the US loves so much.

It just a rebrand of soft Communism. Duh.

 

[Tatra]

"The road to your comment is paved with stupidity".

You don't actually pave comments.

[/derail]

Stop responding with your stupid comments. Thanks.

 

[Crawler89]

So carbon off set credits are bogus and don't do a thing....so this just sounds like that with extra steps

 

[PBAC]

Your comment is paved with stupidity.

at least my comments not paved with intentions as your comment is

 

[Fugazy]

the road to anything is paved with anything

Well that's just not true

 

[Whippy McGee]

1. Nuclear
2. Natural Gas
3. Local Solar
4. Continue on Fusion and Small Modular Reactors (Fission)

If everyone did that, we would be fine. They won't, because the goal is not to save the planet.

 

[Scerpi]

These tards...

"Green, Green, Green... Carbon, Carbon, Carbon, Carbon... Taxes, Taxes, Taxes, Taxes.... "

"Yay! We're heroes"

5 years later

 

[Crawler89]

For the record I'm all for going green, climate change etc

But it seems carbon offset credits don't work/are bullshit and this is just that with extra steps?

 

[SammyPops]

At least they are trying something. It's certainly better than the "but china" excuse the US loves so much.

so ding the wrong, stupid thing is better than doing nothing?

 

[Spounman]

Leave it to the EU to come up with an over the top, poorly thought out plan.
To prevent "carbon leakage" the European Parliament Reached a Deal on a Carbon Border Adjustment Mechanism, CBAM for short.
An EU Carbon Border Adjustment Mechanism (CBAM) will be set up to equalise the price of carbon paid for EU products operating under the EU Emissions Trading System (ETS) and the one for imported goods. This will be achieved by obliging companies that import into the EU to purchase so-called CBAM certificates to pay the difference between the carbon price paid in the country of production and the price of carbon allowances in the EU ETS.
https://mishtalk.com/economics/eu-i...arbon-tax-scheme-inflationary-madness-sets-in

Meanwhile China is pumping pollution into the atmosphere like a teenage girl with a vape pen