Biggest News Aggregation in the World
📰 Development Report News

Page 31 - Development Report News Today

Fast, Ad-Free News Updates

Stay updated with breaking news from Development Report. Real-time updates on events, politics, business and more.

carbon leakage: EU carbon tax to hurt global trade, not to stop carbon leakage, says think tank

The think tank in its report claimed that the real reasons the EU introduced CBAM are to protect uncompetitive local industries from cheaper imports; to earn considerable revenue to fund its budget; and to operationalize the trillion-dollar subsidy initiative. "If this disrupts world trade, the EU is okay. The EU needs this money to continue to provide substantial subsidies to its firms and farmers. The new regulations can provide a full share of the EU budget," Srivastava said.
Wopke Hoekstra Ajay Srivastava European Union Global Trade Research Initiative European Commission On European Commissioner Wopke Hoekstra

Carbon tax | European Union carbon tax to hurt global trade, not to stop carbon leakage: Global Trade Research Initiative

'Fossil fuels contribute to 90 per cent of Greenhouse and 75 per cent of carbon emissions and if decarbonization is the goal, the EU should heavily tax fossil-fuel imports,' GTRI said
Ajay Srivastava Wopke Hoekstra European Union Global Trade Research Initiative European Commission On European Commissioner Wopke Hoekstra

Fostering Economic Growth and Poverty Alleviation in the Dominican Republic through Climate Action

The first and only english language online news publication in the Dominican Republic. Providing local and international news, DR guides and access to real estate and car portals. Your most up to date source for info on the Dominican Republic.
Dominican Republic Santo Domingo Public Partnership World Bank Development Report International Finance Corporation

Stay Updated with Latest News

Get breaking news updates delivered to your inbox

Browse All News →

Global science is splintering into two — and this is becoming a problem

The United States and China are pursuing parallel scientific tracks. To solve crises on multiple fronts, the two roads need to become one. The United States and China are pursuing parallel scientific tracks. To solve crises on multiple fronts, the two roads need to become one.
United States Zhou Jianguo United Kingdom Joe Biden Richard Freeman Brendan Smialowski
Source: nature.com

Explore More Categories

World News India News Business Technology Sports Entertainment Health Science