Wednesday, December 8, 2021
Home Climate411 Why the EU’s Carbon Border Tax will Fail to Stop Carbon Leakage

Why the EU’s Carbon Border Tax will Fail to Stop Carbon Leakage

-

The EU is once again attempting to impose a carbon tax on all imports, to stop “carbon leakage”, the loss of manufacturing or other businesses relocating to lower cost countries. But a few simple economic calculations demonstrate why the EU’s plan will not stop the ongoing haemorrhage of business activity.

- Advertisment -

Related Articles

Study: German Youths Not Willing To Make Climate Sacrifices, Want Policymakers To Fix Problems

Only a minority are willing muster the strength to face up to the great challenge and actively change their own lifestyle, although they themselves...

November 1951–Catastrophic Floods Hit France & Italy

It was not only England that bore the brunt of severe flooding in November 1951. Both the Rhone and Po Valleys were also severely...

“Civilisation is Going to Crumble”: Elon Musk Slams Overpopulation Narratives

Elon Musk, while discussing his Teslabot concept, suggested that people who claim the world is overpopulated are helping to cause the downfall of civilisation.