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Image header Agence Europe
Europe Daily Bulletin No. 12579
Contents Publication in full By article 30 / 37
NEWS BRIEFS / Trade

Germany hesitating on carbon border adjustment mechanism, according to Le Maire

12/10/2020 (Agence Europe)Bruno Le Maire, the French Minister of Finance, indicated on Monday 12 October that Germany was reluctant to accept the establishment of a carbon adjustment mechanism at the European Union’s borders. According to AFP, he was speaking at a session with secondary school students in Verdun where he discussed Franco-German relations, and said: “There are matters where, when it comes to the environment, we are making very good progress with Germany”, but “there are others where it is more complicated”. He believes the mechanism is “indispensable“, whereas Germany “says it will be perceived as a protectionist measure by China, that China is one of Germany’s principal export markets, and so is less enthusiastic than us regarding the carbon border tax”. (MB)

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