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Will Carbon Taxes Level The International Playing Field? ...Middle East
A year ago, the idea of a carbon border tax was more of a hypothetical than an actual plan. But a year ago, the EU had not yet tightened its already tight emission reduction targets that forced a number of businesses in highly polluting industries to invest in emission-cutting. Now, we have the brand new EU Carbon Border Adjustment Mechanism and a proposal for a carbon border tax in the United States. There is also talk about other countries following. The U.S. case is particularly interesting. Washington was quick to react to the EU's idea of…
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