Tag: Trade
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Europe’s plan for carbon border adjustment
One-third of European greenhouse gas emissions (GHG) are embedded in the import of goods and services. While the EU Emissions Trading Scheme (ETS) sets a price and limit on carbon emissions for domestic firms, no such measure exists for products made abroad. Without better accountability of imported emissions, there will be no real industrial decarbonisation.…
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Towards a measurement of the trade-biodiversity nexus
Biodiversity degradation is an underevaluated knock-on effect of trade liberalisation. That’s because enhanced demand through free trade agreements (FTAs) increases land clearing, whether that be due to agriculture, mining, fishing or hydrocarbon extraction. Costs on climate, linked to energy-intensive industrial production and freight transport, are also enormous. Since 2019, opposition to the EU-Mercosur deal has…
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