The EU Just Kicked Off Its Biggest Climate Experiment Yet

With little fanfare, the European Union has launched a huge climate experiment. On October 1, the EU kicked off the initial phase of a Europe-wide tax on carbon in imported goods. This marks the first time a carbon border tax has been tried at this scale anywhere in the world. Europe’s experiment could have ripple effects across the entire globe, pushing high-emitting industries to clean up their production and incentivizing other countries to launch their own carbon taxes. It may well end up being the most important climate policy you have never heard of.

“This is an excellent example of wild ambition on the regulatory front,” says Emily Lydgate, a

→ Continue reading at Wired - Science

More from author

Related posts

Advertisment

Latest posts

It’s Near-Impossible to Snag a Reservation at This VIP-Filled Italian Restaurant — But Now It’s Dropping a Merch Line for All Red Sauce Lovers

Rao's Homemade wants its customers to be comfortable while eating comfort foods this winter.The Italian food brand is releasing a limited-edition velour tracksuit inspired...

‘If you have a face, you have a place in the conversation about AI,’ expert says

Enlarge this image Penguin Random House ...

5 Types of Professional Losses Companies Commonly Face — and How to Mitigate Each One

Opinions expressed by Entrepreneur contributors are their own. In the complex world of business, companies often face various forms of professional loss...