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The EU just kicked off its biggest climate experiment yet. The world’s largest single market has launched a bold plan to tax carbon at its borders.

On 1 October, the EU kicked off the initial phase of a Europe-wide tax on carbon in imported goods, the Carbon Border Adjustment Mechanism (CBAM).

It marks the first time a carbon border tax has been tried at this scale anywhere in the world.

The rest of the world is paying very close attention.

https://www.wired.co.uk/article/eu-carbon-tax

#EU #Climate #Carbon #CBAM