this post was submitted on 09 Oct 2023
14 points (100.0% liked)

Neoliberal

62 readers
1 users here now

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

founded 1 year ago
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.