CBAM signals opportunity for hydrogen in the move to net zero

Let there be no doubt – the EU is serious about fighting climate change. The recent unveiling of a suite of policy proposals, under the name The Green Deal, shows the EU’s determination to reduce greenhouse gas emissions by at least 55% by 2030, and make Europe a climate-neutral continent by 2050. The Carbon Border Adjustment Mechanism (CBAM) is a key part of this package and has caused a flurry of commentary.

The EU characterises the proposed CBAM as a tax on emissions-intensive imports to ensure a level playing field between imports and locally produced goods. However, the Australian Government believes the CBAM may be in breach of World Trade Organisation rules.

Think tanks are weighing into the debate, with The Grattan Institute arguing that it’s an unprecedented measure, and warning that it could be taken up elsewhere. Their predictions were correct, with the US Democrats announcing a polluter import fee, which does what is says on the tin. It’s a proposed tax on imports from high-polluting countries.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...