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The EU wants to put a tax on emissions from imports. It91裸聊视频檚 irked some other nations

Poorer countries fear such a tax will harm livelihoods and economic growth
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FILE - Trucks carry aluminum alloy frames to Adani Green Energy Limited91裸聊视频檚 Renewable Energy Park near Khavda, Bhuj district near the India-Pakistan border in the western state of Gujarat, India, Sept. 21, 2023. (AP Photo/Rafiq Maqbool, File)

A European Union plan to tax the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries fear such tariffs will harm livelihoods and economic growth.

Through the tax, the EU hopes to set a price on the carbon emitted to make energy-intensive products like iron, steel, cement, fertilizer and aluminum in other countries. The aim is to both reduce emissions from imports and create a level-playing field for goods made in the European bloc that must meet stricter green standards.

The issue strikes at a core dilemma that policymakers are grappling with 91裸聊视频 and haggling over 91裸聊视频 at the COP28 climate conference in Dubai: How to get the world to go greener without upending more-fragile developing economies.

Developing countries are worried that the tax under the EU91裸聊视频檚 planned Carbon Border Adjustment Mechanism would harm their economies and make it too expensive to trade with the bloc.

91裸聊视频淐BAM91裸聊视频檚 sole aim is to prevent carbon leakage91裸聊视频 elsewhere in the supply chain, European Commissioner for Climate Action Wopke Hoekstra told reporters at the COP28 conference. He said the tax is crucial for funding and achieving the EU91裸聊视频檚 climate goal of slashing emissions 55% by 2030.

A recent study by the U.N. Conference on Trade and Development found that a tax of $44 per ton of carbon emitted would slash pollution from the supply chain by half. It also estimated that rich countries would make $2.5 billion from the tax, but poorer countries might lose up to $5.9 billion.

Others in wealthier countries including Britain, Canada and the United States are looking to follow suit.

Sen. Sheldon Whitehouse of Rhode Island and Rep. Suzan DelBene of Washington, both Democrats, on Wednesday reintroduced legislation to create the 91裸聊视频淐lean Competition Act91裸聊视频 that would similarly set a fee on imports from high-carbon emitting producers.

Whitehouse, at a panel event Sunday at COP28, praised CBAM as 91裸聊视频渢he brightest star in terms of emissions reduction in our firmament right now.91裸聊视频

91裸聊视频淭his bill is the effort to do our piece of creating that international carbon pricing regime,91裸聊视频 he said, expressing hopes to cut through 91裸聊视频渁 blockade of fossil-fuel dark money and influence in Congress.91裸聊视频

Responding to the worries in the developing world, Whitehouse said such measures would generate revenues for climate justice and improve the pathway toward 91裸聊视频渃limate safety91裸聊视频 91裸聊视频 the lack of which would 91裸聊视频渇all far more heavily on the people in the economies and the countries that have fewest resources.91裸聊视频

91裸聊视频淚 have zero remorse about CBAM from a climate justice point of view,91裸聊视频 he said, insisting that his legislation would both grant exemptions to the least-developed countries and focus on the worst polluters in any given industry.

India91裸聊视频檚 government is one of those strongly opposed to the idea. Former steel secretary Aruna Sharma has urged the government in New Delhi to continue to oppose the tax, but said industries do need to invest in lowering their carbon footprint for both exports and domestic goods.

Mohamed Adow, the founder-director of Power Shift Africa, an independent think tank based in Kenya, called carbon taxes a 91裸聊视频渢rade weapon91裸聊视频 that could negatively affect Africa. He estimated the European measure could lead to a loss of at least $25 billion in trade revenue for his continent.

Li Shuo, director of China Climate Hub at the Asia Society Policy Institute, said: 91裸聊视频淭his issue is a significant concern in international climate politics. It91裸聊视频檚 not going away, and lives are at stake.91裸聊视频

There91裸聊视频檚 also a technical concern: Vaibhav Chaturvedi, a research fellow at the Council on Energy, Environment and Water in New Delhi, said that under the U.N. climate change rules, countries cannot dictate how others should reduce emissions. Carbon taxes go against that rule, he said.

Trade and climate policy experts say many developing countries fear being shut out of Western markets because they won91裸聊视频檛 be able to clean up their businesses fast enough. They also worry about being caught in conflicts between China and the West, with China seen as the primary target of the EU91裸聊视频檚 carbon tax.

But K R Raghunath, founder of clean energy solutions company KIS group, said that even though a carbon tax could be 91裸聊视频減ainful91裸聊视频 for some countries in the short-term, it will still have a positive impact because it will reduce planet-warming emissions.

91裸聊视频淚t will be good for everyone in the long run,91裸聊视频 he said. 91裸聊视频淯ltimately, everybody has to reduce their carbon emissions.91裸聊视频

EDITOR91裸聊视频橲 NOTE: This article is part of a series produced under the India Climate Journalism Program, a collaboration between The Associated Press, the Stanley Center for Peace and Security and the Press Trust of India.

Gaurav Saini, Press Trust Of India, Sibi Arasu And Jamey Keaten, Associated Press, The Associated Press





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