Neoliberal

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Free trade, open borders, taco trucks on every corner. Latest discussion thread: April 2024 **We in m/Neoliberal support:** - Free trade and competitive markets

Immigration
YIMBYism – ‘yes in my backyard’-ism
Carbon taxes
Internationalism and supranational governance – e.g. the EU, UN, NATO, IMF
LGBTQ+ rights
Democracy, human rights, civil liberties and due process Neoliberals can be found in many political parties and we are not dogmatic supporters of specific parties. But we tend to find ourselves agreeing more often with parties that espouse liberal values, internationalism and centrist economics, such as the Democrats in the US, Liberal Democrats in the UK, FDP in Germany, Renaissance/MoDem in France, the Liberal Party in Canada, and so on. **Further reading** - I’m a neoliberal. Maybe you are too.
The neoliberal mind
Neo-liberalism and its prospects
Neoliberalism: the genesis of a political swear word **News sources** Here are some suggested news sources that we like and tend to find reliable. Please note that posts and threads are not at all limited to these sources! - The Economist https://www.economist.com/
Financial Times https://www.ft.com/
The Guardian https://www.theguardian.com/
New York Times https://www.nytimes.com/
The Atlantic https://www.theatlantic.com/world/
The New European https://www.theneweuropean.co.uk/
Vox https://www.vox.com/

founded 1 year ago

The EU Just Kicked Off Its Biggest Climate Experiment Yet (www.wired.co.uk)

submitted 1 year ago by MrHandyMan to c/[email protected]

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The world’s largest single market has launched a bold plan to tax carbon at its borders. The rest of the world is paying very close attention.

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[–] [email protected] 4 points 1 year ago (1 children)

This is a great example of the stupidity of Brexit in an integrated world. Rishi Sunak has allowed the market for carbon credits in the UK to collapse post-Brexit, meaning the price of carbon in the UK now undercuts that in the EU. That means British exporters to the continent will now have to pay carbon taxes into the EU's coffers, when previously they would have been using that money to buy carbon credits from the UK taxpayer. Thus the Tories spend our so-called 'sovereignty'...

[–] nbafantest 2 points 1 year ago (1 children)

when previously they would have been using that money to buy carbon credits from the UK taxpayer.

Can you explain this? Wouldnt the exporters still have to pay the carbon tax?

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

My understanding was that the carbon tax applies to exporters from jurisdictions where carbon pricing undercuts the EU emissions market. So by oversupplying emissions credits in the UK post-Brexit (and thus letting the price per tonne drop to around half of the EU price), Sunak has brought UK exporters in-scope of the tax.

[–] MrHandyMan 2 points 1 year ago

You are correct. This is from the CBAM Q&A document:

Conversely, if a non-EU producer has already paid a carbon price in a third country on the embedded emissions for the production of the imported goods, the corresponding cost can be fully deducted from the CBAM obligation.