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18
EU climate chief criticises China, India and Saudi pushback on carbon tax (www.ft.com)
submitted 1 month ago by Sepia@mander.xyz to c/europe@feddit.org
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...

The carbon border tax, which comes into force from January, was behind an attempt by the big exporters to scupper wider negotiations on climate action at the latest UN summit in Brazil.

Speaking in the aftermath at COP30, Wopke Hoekstra told the Financial Times that the petrostates had also been “more assertive” across the board in a bid to thwart climate agreements as the shift to cleaner energy systems accelerates.

“Some of those making money out of [fossil fuels] are seeking to prolong that process. We have seen this quite explicitly,” he said. “Some of the petrostates are seeking to at least slow down rather than speed up [the energy transition].”

He added: “I have sensed a certain sense of assertiveness that might not have been there five or 10 years ago.”

...

During public and closed-door meetings at the two-week talks, some of the developing countries argued the tax, or carbon border adjustment mechanism (CBAM), was a unilateral measure that would drive up costs, restrict trade and hinder their ability to grow their economies.

The tax will initially apply to products such as steel, cement and fertilisers, and aims to ensure imported goods meet similar green standards to those produced inside the EU or face an additional charge.

...

Hoekstra said the criticism was “clearly not very credible”, adding that in one-on-one conversations many countries “acknowledge it is clearly a climate tool” rather than a trade measure.

...

More than 80 countries had rallied around a proposal at COP30 for a so-called road map to help countries wean their economies off fossil fuels. But the plan failed to appear in the final agreement after objection from more than 30 other countries [particularly China, Russia, and petro-states in the Middle East].

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