Explainer: Why the EU’s carbon border tax plans are so controversial

As expected, the European Commission kicked up a storm of criticism when it unveiled plans to introduce a carbon border adjustment mechanism (CBAM) on a range of imported industrial products as part of July’s ‘Fit for 55’ package. Here’s why.

by Simon Pickstone
Aluminium production in China: president Xi Jinping suggested proposed CBAM was a form of protectionism (Photo by Long Wei/VCG via Getty Images)
Aluminium production in China: president Xi Jinping suggested proposed CBAM was a form of protectionism (Photo by Long Wei/VCG via Getty Images)

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