Border taxes: a carbon curtain has descended?

As Europe advances its decarbonization agenda, a โ€˜border adjustment mechanismโ€™ has now been proposed to mitigate carbon leakage. Its initial formulation is modest. But it will snowball. And ultimately divide the global economy in two. Hence this 15-page report lays out our top five predictions for CO2 border taxes to reshape energy markets and the world.

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