carbon border tariff

 The EU refers to this officially as a carbon border adjustment mechanism.  The idea is to make this ‘adjustment’ for products coming from countries which do not impose a carbon price on manufacturers that emit greenhouse gases in the making of their product.  Even though they don’t have to pay at home, they will nevertheless pay the price if they try to sell their product in the EU.  Now the U.S. is looking at following the same path.  This is bad news for Australia although there are those who will say that it is what we deserve if we continue to refuse to do anything about our carbon emissions.  Naturally our Prime Minister, our Trade Minister, and our minister responsible for carbon emissions, Angus Taylor, are totally opposed to such a tariff, labelling it ‘a new form of protectionism’.