EU Threatens China with Carbon Pricing Import Duties


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Ursula Von Der Leyen, President of the European Fee. By © European Union 2019 – Supply: EP, CC BY four.zero, Hyperlink

Visitor essay by Eric Worrall

h/t Dr. Willie Quickly; The brand new President of the European Fee Ursula von der Leyen has threatened to impose import duties on China until they implement a home Chinese language carbon tax.

Davos 2020: Ursula von der Leyen warns China to cost carbon or face tax

Fee president units out Brussels’ plan for CO2 border adjustment mechanism

Mehreen Khan in Brussels and Gideon Rachman in Davos YESTERDAY

Ursula von der Leyen has warned China and different massive fossil gas producers to discover a method to value carbon at residence or danger being hit by the EU with a deliberate CO2 tax on imports.

Talking on the World Financial Discussion board in Davos on Wednesday, the president of the European Fee laid out Brussels’ plan to arrange a carbon border adjustment mechanism that will hit importers from international locations that don’t respect worldwide local weather targets. 

“There is no such thing as a level in solely decreasing greenhouse fuel emissions at residence, if we enhance the import of CO2 from overseas,” Ms von der Leyen instructed delegates at Davos. “It’s not solely a local weather concern; it’s also a difficulty of equity in direction of our companies and our staff. We’ll shield them from unfair competitors.” 

“If this turns into a worldwide development, we may have a worldwide degree enjoying area the place no carbon border tax will probably be vital,” mentioned Ms von der Leyen. 

Talking in Davos, Prince Charles, the inheritor to the UK throne, backed greater carbon taxes to “reverse perverse subsidies and enhance incentives for sustainable alternate options”.

He mentioned: “It’s time to degree the enjoying area and to consider how we correctly deploy taxes, insurance policies and rules in a method that catalyses sustainable markets.”

“We merely can not waste any extra time,” he mentioned. “The one restrict is our willingness to behave and the time to behave is now.”

Learn extra: https://www.ft.com/content material/c93694c8-3d15-11ea-a01a-bae547046735

Ursula von der Leyen is a deep inexperienced, who has advocated for a European model of the Inexperienced New Deal. Brexit chief Nigel Farage has accused Ursula of being a hardline communist. Farage was the one British political chief to throw his wholehearted help behind President Trump’s marketing campaign in 2016, and shared the platform with President Trump in the course of the marketing campaign.

Earlier than key Merkel ally Ursula von der Leyen parachuted to security as the brand new head of the European Fee, successfully the EU’s central govt committee, she was combating answering troublesome questions in Germany over the unintended wiping of cell phone proof regarding her alleged awarding of huge defence contracts to exterior consultants with out correct oversight.

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