The revenues from the EU's proposed carbon border tax should be used to support the decarbonisation of least-developed countries, a leading MEP has proposed in a draft report leaked to the press on Wednesday (5 January).
The so-called carbon border adjustment mechanism (CBAM), which will set a new levy on imports of iron, steel, cement, fertiliser, aluminium, and electricity, is expected to provide €1bn per year once it is fully implemented.
In a draft report from the European Par...
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Already a member? Login hereElena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.
Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.