Europe’s Carbon Border Tax

Into Europe: The European Union is set to introduce a carbon border in 2023 as part of its plan to reach carbon neutrality by 2050. Yet it is far from ready and presents several challenges in terms of implementation. Will the system be a tax or will it take the form of emission allowances? In this video, we explore what the EU’s Carbon Adjustment Mechanism might look like, the benefits of the system as well as some of the drawbacks that it might have. 0:00 The Carbon border tax 1:17 Using economic soft power to push for change 1:49 The EU, a global trade behemoth 2:12 Protectionism? 2:59 Developing countries negatively affected? 3:12 Implementation 4:31 Economic Self-Sabotage