EU Emissions Trading System Overhaul: Leveling the Playing Field for Greener Global Trade
Border adjustments are being considered to help the EU Emissions Trading System. The adjustments should require companies to use allowances for imports, not pay a tax. The amount of allowances should be based on specific benchmarks set by the EU. This rule should apply when products enter the EU, not later. For exports, companies should get a rebate based on the same benchmarks. The adjustments may not apply to consumer products, but mostly to basic goods.