Europe’s efforts to go climate-neutral by 2050 could be undermined by lack of ambition by our international partners. This would mean a risk of carbon leakage. This occurs when companies transfer production to countries that are less strict about emissions. In such case global emissions would not be reduced.
This new mechanism would counteract this risk by putting a carbon price on imports of certain goods from outside the EU.
Source European Commission
See also EU Green Deal – Revision of the Energy Taxation Directive
Latest Posts in "European Union"
- EU Seeks Feedback on Revising VAT E-Invoicing Rules for Harmonization and Interoperability
- Incoterms and EU VAT: Essential Rules for Accurate Cross-Border Trade Compliance
- Control Is Becoming Real-Time
- Comments on C-513/24 (Oblastní nemocnice Kolín) – Obligation for the presence of goods in hospital not decisive for VAT deduction
- EPRS Report: Targeting VAT Fraud: How the Reverse Charge Mechanism Protects EU Revenues
