Border taxes cited to spur transition to low-carbon economy

authordefault
on

The Border Tax Adjustment idea has been kicked around for years by politicians, economists and environmentalists. It hit the European Union agenda last October, when its High Level Group on Competitiveness, Energy & Environment advised the European Commission on the long-term energy outlook.

Many figure BTAs might allow the EU to develop responsible climate policies without having to wait for other countries, since they would tax products imported from the U.S. to compensate for differences in production costs. Thus EU firms would be protected against unfair, carbon-careless competition from abroad.

BTAs are not a final solution, merely an interim measure as countries move to taxation systems that make labor cheaper and environmental damage more costly. Economies that lead the way in promoting energy and resource efficiency will become more efficient and stronger, and have greater export opportunities.

Related Posts

on

An upcoming city policy review offers the best chance to drop “fundamentally misleading” ads designed to appeal to policy makers and consumers.

An upcoming city policy review offers the best chance to drop “fundamentally misleading” ads designed to appeal to policy makers and consumers.
on

A new Environmental Defence analysis reveals that despite government promises to cut, the amount of taxpayers’ money given to the industry remains high.

A new Environmental Defence analysis reveals that despite government promises to cut, the amount of taxpayers’ money given to the industry remains high.
on

The American Fuel & Petrochemical Manufacturers, a major oil refining group, is once again behind a push to keep cars running on oil.

The American Fuel & Petrochemical Manufacturers, a major oil refining group, is once again behind a push to keep cars running on oil.
Analysis
on

"Climate the Movie" portrays today’s climate denier agenda by rehashing the same old fossil fuel talking points and trolling the left.

"Climate the Movie" portrays today’s climate denier agenda by rehashing the same old fossil fuel talking points and trolling the left.