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Macron pushes for carbon tax on Europe’s borders

The French president has reiterated his call for a European carbon tax on the EU’s borders to guarantee fair competition for companies taking action to reduce their climate impact. The idea – which featured in T&E’s report, Can trade and investment policy support ambitious climate action?, last month – has been gathering momentum and was previously endorsed by IMF chief Christine Lagarde and Nobel-winning economist Paul Krugman.

Published on December 5, 2017 - 22:12

Macron pushes for carbon tax on Europe’s borders

The French president has reiterated his call for a European carbon tax on the EU’s borders to guarantee fair competition for companies taking action to reduce their climate impact. The idea – which featured in T&E’s report, Can trade and investment policy support ambitious climate action?, last month – has been gathering momentum and was previously endorsed by IMF chief Christine Lagarde and Nobel-winning economist Paul Krugman.

Published on December 4, 2017 - 14:38

Carbon border tax would level the playing field for companies in countries taking climate action – report

EU governments should level the playing field between companies in countries taking action on climate change and those in countries that are not by levying special import fees, according to a new report on how trade policy can support climate action. A carbon border tax adjustment (CBTA) would be based on the price of carbon – in existing carbon markets such as the EU emissions trading system – and should be levied on goods and services from countries which do not put an equivalent price on carbon, the report by the Trade Justice Movement and Transport & Environment (T&E) says.

Published on November 10, 2017 - 10:22

Can trade and investment policy support ambitious climate action?

Since the 1990s, international climate agreements have largely taken a country-by-country approach to mitigating climate change. However, in recent years, the conclusion of numerous bilateral or regional trade and investment agreements has led to an exponential growth in the global flows of goods and capital across borders. This growth has translated into a significant increase in emissions that cannot be bound to a single country. Thus, actions designed to tackle climate change require a new set of tools and strategies. The following joint-report offers a set of complementary options that could be implemented to tackle climate impacts.

Published on November 10, 2017 - 10:18

Electric cars could be as cheap as oil-powered by 2025

The falling cost of batteries used in electric vehicles (EVs) could mean the cost of buying an electric car will be the same as a petrol or diesel car within eight years, according to Bloomberg New Energy Finance. The finding comes as the price of oil has risen but long-term forecasts increasingly suggest the richer and developing countries will become less dependent on oil consumption.
Published on June 7, 2017 - 12:13

€42.5m Irish airport state-aid a ‘waste of scarce public money’

EU approval of Ireland’s €42.5 million in state aid to small regional airports has been criticised for allowing public money to prop up underutilised infrastructure with questionable social and economic benefits. Four airports will receive the grants over the next four years – while the Irish government faces calls to address ‘chronic’ underinvestment in low-carbon public transport.

Published on September 5, 2015 - 11:08

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