1/ If we really want to fight the climate change and decarbonise the world, we need globally unified carbon price.
#CBAM is a good start but it won't be enough. Namely, when it comes to GHG emissions, there are no country borders. GHG emissions are global. #EUETS #OCTT
#CBAM is a good start but it won't be enough. Namely, when it comes to GHG emissions, there are no country borders. GHG emissions are global. #EUETS #OCTT
2/ Very strict environmental rules in one country can lead to carbon leakage (especially in heavy industry) and reduction in own production. This is often compensated by increased production and imports from countries that don't take environmental objectives so seriously.
3/ Good example is aluminum. CO2 intensity per tonne of aluminum produced in China is twice as much as in EU.
Lowering EU aluminum production and consequently importing more of it from China will indeed lower EU emissions. But sadly, as a result, global emissions will rise.
Lowering EU aluminum production and consequently importing more of it from China will indeed lower EU emissions. But sadly, as a result, global emissions will rise.
4/ GHG emissions are global and you can't solve global problem locally. As long as there are "carbon havens", global decarbonisation has minimal chance of success. #EUETS #OCTT #CBAM
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