What remains to be seen is:
1) How they will apply it to size (Nation? State? City?)?
2) What data will be used (Information from the local government? Satellite?)?
3) How the data will be normalized (GDP? Per capita?)?
4) How to calculate emissions per good (Total emissions? Worst item? Certain parts?)?
This will no doubt cause a number of nations to scream about it, as well as smaller nations, but hopefully, more nations will join in as well. Looks like the world is finally going to get serious about stopping greenhouse gas emissions. “The measure will apply first to iron and steel, cement, aluminum, fertilizers, electricity production and hydrogen before being extended to other goods,” notes CNN. “Under the new mechanism, companies will need to buy certificates to cover emissions generated by the production of goods imported into the European Union based on calculations linked to the EU’s own carbon price.”
Details of the Carbon Border Adjustment Mechanism can be found here.
Read more of this story at Slashdot.