By setting “a price on negative externalities“, the carbon adjustment mechanism at the borders of the European Union will enable European companies to compete “fairly” with their international competitors, the French Minister for Industry, Agnès Pannier-Runacher, said on Wednesday 9 September while in Brussels, where she met with European Commissioners Vestager, Timmermans and Breton on Thursday.
As the EU moves towards climate neutrality by 2050, the aim of the future mechanism...