High carbon tax undermines EU trade
4 October 2023
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IEA Energy Analyst Andy Mayer has been quoted in City AM criticising the EU’s imposition of a ‘protectionist’ carbon border tax.
Andy said:
“For UK companies exporting to the EU, the added bureaucracy will be a costly nuisance. But for importers, particularly those processing for non-EU export, it’s an opportunity. The UK’s own carbon price has fallen considerably this year, if we can sustain that advantage, long-term, we stand to gain, including in the development of low carbon solutions.”
Read the full article here.
Andy said:
“For UK companies exporting to the EU, the added bureaucracy will be a costly nuisance. But for importers, particularly those processing for non-EU export, it’s an opportunity. The UK’s own carbon price has fallen considerably this year, if we can sustain that advantage, long-term, we stand to gain, including in the development of low carbon solutions.”
Read the full article here.
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