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Policy & Regulation

Carbon border tax could mean end to free EUAs

The combination of a carbon border tax and the end of free allocation of EUAs for European industries would be a supportive policy for renewables and gas The combination of a carbon border tax and the end of free allocation of EUAs for European industries would be a supportive policy for renewables and gas.
By Alessandro Vitelli 24 October 2019 Europe & Russia / Policy & Regulation 0 34714
European Commission President-elect Ursula von der Leyen arrives at an EU summit in October. (PA)

The key issue: The incoming president of the European Commission, Ursula von der Leyen, has proposed introducing a carbon border tax for exporters of goods to Europe which could coincide with an end to free carbon allowances for European industries.

Interfax analysis: The European Commission’s president-elect, Ursula von der Leyen, has proposed a carbon border tax to help prevent European industries from relocating abroad. The move would open the door to an end to free EU carbon allowances (EUAs) for European industries and be a...