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Emerging Asia at risk from EU’s protectionist carbon border tax

SCMP LogoSCMP1 mo ago

Emerging Asia at risk from EU’s protectionist carbon border tax

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The EU tax shifts the carbon burden to the commodity-rich emerging economies least responsible for today’s climate crisis while fattening its Covid-19 relief fund.

Singapore, as a leading regional carbon services hub, offers some solutions but Asia as a whole needs to find pragmatic ways to defend against climate inequality.

Indonesia, which supplies some 335,000 tonnes of crude palm oil to the EU every month, is already working on a carbon tax framework.


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Article Details

Author / Journalist: Bo Bai

Category: Economy

Topics: Pekanbaru Riau Factories Province Worker Transported April Indonesia Loads Fruit Palm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-03, 15:30:25

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Reading Time: 1 minutes read

Article Length: 86 words

Coverage Area: Hong Kong

Availability: Desktop Web, Mobile Web

News ID: 27156

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About SCMP

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Main Topics: Economy

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4h ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #42

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