‘Uncompetitive EU green rules’ push bloc’s industry to outsource more
Stricter environmental regulations in the European Union are making it harder for domestic companies to stay competitive.
Firms are now turning to subcontractors outside Europe, where rules are less demanding, to reduce costs. The result: European industries risk losing jobs and expertise, even as the EU pushes to lead on climate change...
Other EU regulations — including the Carbon Border Adjustment Mechanism (CBAM) and the Deforestation Regulation — also carry major implications for trade but remain external rules, separate from the trade agreements themselves.
Admission incoming - my main reason for the post was an opportunity to make an award , the Loony Nonsense of the Week award, which this week goes to -
The Carbon Border Adjustment Mechanism (CBAM).
Not a huge achievement as I invented the award this afternoon as a one-off* for this post. Yet surely the Carbon Border Adjustment Mechanism should be formally recognised as an outstanding EU achievement in the arcane field of ludicrously damaging bureaucratic eco-twaddle.
*There are far too many candidates to continue the award beyond this one.
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