Prices with prolonged war in the Middle East. The European Commission kept its carbon border tax untouched in a fertiliser plan released on Tuesday aimed to boost struggling farmers despite accusations that carbon pricing is also contributing
The bloc’s carbon pricing laws at the border protect the European fertiliser industry from cheaper imports produced under weaker environmental rules, say fertiliser producers. The rules require EU exporters to pay for the pollution associated with their production. But farmers feel they are paying the bill indirectly through increasing fertiliser costs.
A false good idea” would be to eliminate the bloc’s Carbon Border Adjustment Mechanism (CBAM), which would cover about 45% of EU fertiliser imports, citing competitiveness difficulties, European Commissioner for Agriculture Christophe Hansen said.“We have a domestic industry for fertilisers in several member states which are under pressure because they’re dealing with a situation of unfair competition coming from third countries if CBAM is not in place,” Hansen told reporters.
Under the new approach, the European Commission is aiming to preserve the bloc’s centerpiece carbon border policy while conceding that climate costs are increasingly being passed through to farmers and food prices.
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