The A-B-C of BCAsAn overview of the issues around introducing Border Carbon Adjustments in the EU
Border Carbon Adjustments (BCAs) price greenhouse gas emissions embodied in imports to the European Union (EU). This helps create a market for low-carbon goods inside the EU, while boosting global demand for such goods, helping safeguard the climate and provide a “level playing field” for EU industry. A carbon neutral European Union by 2050 can’t and shouldn’t be achieved at the expense of carbon intensive imports from other parts of the world. BCAs also help create further investor certainty that carbon pricing is here to stay, and therefore needs to be accounted for in investment decisions.
2nd December 2019