Loading ...EU Imposes The World’s Largest Carbon Tax Scheme, Inflationary Madness Sets In……… (contains multiple links to climate change articles)
“The only effect CBAM would have is a resource shift whereby clean energy capacity in already under-resourced countries will be shifted for export production while industry aimed at local consumption and energy access will depend on dirty fuels.”
Neither a Tax Nor a Tariff
The EU says CBAM is neither a tax nor a tariff. It’s an “adjustment mechanism” to “level the playing field“.
Yeah right.
The US objections to CBAM are amusing as were the EU objections to Biden’s horrendously names Inflation Reduction Act that will do anything but reduce inflation.