For people living in the EU, the price of their next car, home renovation and even local produce may soon reflect a climate policy that many have never even heard of. This new regulation, which comes fully into force on New Year's Day, does not just target heavy industry—it affects everyday goods which now face an added carbon cost when they enter Europe.
  • Kjell@lemmy.world
    MEnglish
    5·
    2 months ago

    If goods come from countries with weaker climate rules, then the charge will be higher. To sell to the EU, producers will effectively need to show their goods aren’t too carbon intensive.

    The goal is to prevent companies from relocating their production to places with looser regulations, ensuring fair competition between EU and non-EU companies, while incentivizing global decarbonization.

    This is so important. EU can’t have too strict emission legislation unless they limit the import from other countries. As soon as this is in place, the import carbon tax only needs to be adjusted if the emission legislation is changed here which is much easier than adding a new tax.