Carbon border tax: Europe's own goal?
The EU's carbon border adjustment mechanism (CBAM) is intended to address the issue of carbon leakage - preventing companies moving to jurisdictions with less stringent emissions rules - and to keep industrial sectors in the EU competitive by charging a carbon levy at its borders. But the inclusion of electricity could trigger several unintended consequences. Listen to a discussion on how the law could significantly affect electricity flows between non-EU and EU countries and impact investment in renewable energy. Could the border tax actually hinder moves to decarbonise Europe?Host: Snjólfur Richard Sverrisson, Editor-in-Chief, MontelGuests: Phil Hewitt, Director Montel Analytics; Jean-Paul Harreman, Director Montel Analytics.