The European Union’s Emissions Trading System (from July 2021) puts a price on CO2 emissions, and has been a key driver of decarbonisation in energy and industry. From Dec 2022, the EU has decided to set up a similar scheme for the transport and heating sectors. And this includes the carbon border adjustment mechanism (CBAM) that will impact trade from Australia and the world - see details below.
For expert opinions on how Australia can benefit catch the 'Transitioning to an Energy Superpower' webinar next Tuesday 6pm via; www.climateandpeace.com.au
Also see:
https://www.cleanenergywire.org/factsheets/understanding-european-unions-emissions-trading-system?