Carbon border tax: Europe’s climate fortress endangers Germany’s strength, say press critics

Pointless EU climate ideology is going in the opposite direction to its economic success. Protectionist barriers tend to annoy the victims, with unknown but likely repercussions. Any idea that harmless carbon dioxide is ‘dirty’ is a bad joke, but makes endless work for meddling bureaucrats.
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The EU wants to impose a carbon border tax on Europe’s borders and thus protect domestic producers from dirtier (sic) producers from abroad, says Die Welt (via The GWPF).

Experts warn of a loophole that could hit German exporters seriously.

Federal Minister of Economics Peter Altmaier met two Vice-Presidents of the European Commission when he visited Brussels on Friday: Margrethe Vestager, who is responsible for digital, and Valdis Dombrovskis, who is responsible for economic issues.

The CDU politician wanted to talk to both of them about the steel industry – and about how European steel producers can economically survive the tightening of EU climate targets.

The plans for a CO2 border adjustment tax are also likely to have been an issue. Because the work of the Commission on legislative proposals for such a CO2 surcharge at the borders of the EU are ready to go.

The Carbon Border Adjustment Mechanism, which in Brussels is affectionately known as CBAM for short, aims to make imported products that are produced less climate-friendly overseas than in Europe more expensive at the borders of the EU.

This climate protection wall around the continent is intended to ensure that European producers with their higher energy costs and stricter environmental regulations remain competitive on their home market.

Full article here.