Europe’s carbon prices are going global

Press quote (The Wall Street Journal)
14 July 2021

Brussels worries that continuing to grant free ETS allowances might breach World Trade Organization rules, but industry representatives believe CBAM and free allowances - without which their exports risk becoming uncompetitive - can coexist. Russia, Turkey, China and the UK are expected to be hardest hit, according to the Centre for Europe Reform, a British think-tank.