"Brazil's Outrage at EU Carbon Tax Rattles COP28"

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Source: POLITICO Europe
"Brazil's Outrage at EU Carbon Tax Rattles COP28"
Photo: POLITICO Europe
TL;DR

Brazil, supported by China, is bringing its opposition to the European Union's carbon border tax to the COP28 climate summit in Dubai. Brazil argues that the tax is discriminatory and could hinder global efforts to reduce emissions. Some countries are pushing for language in the negotiating text that criticizes measures like the carbon border tax. The tensions reflect the growing trade dispute between the EU and its partners, with China also challenging the tax at the World Trade Organization. Brazil and other emerging economies fear the tax could negatively impact their economies. The EU maintains that the tax is not affecting climate talks and suggests that trade disputes should be addressed at the WTO.

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