L's workbench on Nostr: Last development from the Carbon Border Adjustment Mechanism, aka another creative ...

Last development from the Carbon Border Adjustment Mechanism, aka another creative way from the EU to tax people into believing they're solving the cLiMaTe cHaNgE.

These restrictions are imposed on key goods, like steel, iron, aluminum, cement, electric energy, fertilizers and hydrogen.

So basically the EU imposed a price on a ton of CO2 (keyword imposed) and they issue these permits, called allowances (EUA), that can be bought by companies.
These allowances allow companies to produce CO2 as much as they are allowed by these permits in a calendar year.
Companies can also trade these allowances between them.

At the end of the calendar year, companies must return these permits, starting the cycle over.

EU's objective is to decrease CO2 emissions, or better put, uncompensated CO2 emissions by taxes, by 55% before 2036 and be completely neutral at the latest before 2050.

Thinking that housing and agricultural prices will skyrocket in these years is not hard, along with basically every other sector.

Pair this with more stricting spending policies with the introduction of #CBDC, and the communist wet dream of having a labour nation with a restricted elite is now here.

#cbam