The United States, China and India are launched in the European Union climate policy

The European Union is less than three months from the launch of the carbon-first-scale border tax in the world on the intensive carbon goods.

The next step, which has the ability to completely transform global trade, comes as part of the mass efforts To reduce greenhouse gas emissions from heavy industries and enhance cleaner production processes all over the world.

Starting January 1 next year, the European Union Carbon border modification mechanism (CBAM) will impose a cost on goods such as steel, fertilizers, cement, aluminum and hydrogen imported from outside the mass 27 countries.

Under policy conditions, importers who bring these goods to the European Union will be asked to buy CBAM certificates to cover their associated emissions. The cost of these certificates is expected to be the same Emisples trading system (ETS) market price.

Not everyone is happy with the necessity of the upcoming carbon borders in the European Union. The United States, China, India and Brazil are among the countries that raised concerns, with some to threaten To take retaliatory measures and others warning Policy may hinder instead of assisting global climate efforts.

The European UNHCR, the European Union’s executive arm, did not respond to a request for comment when contacting it by CNBC.

CBAM Software Solutions, the CBAM Software Solutions Company, said the integrated carbon and tariff tax scheme will reshape global trade in ways that most companies have not yet absorbed. Steel, cement, fertilizers and sectors related to aluminum are scheduled to be first in the shooting line.

Endress said that it is “not surprising” that the likes of the United States, Brazil and India have raised concerns about this policy, noting that countries that do not display the emissions system (ETS) will be exposed to border tax.

The European Union says that CBAM is designed to put a “fair price” on the carbon emitted during the production of intensive goods.

The tax is also designed to prevent what is known as “carbon leakage”, which is when companies transfer production abroad to countries where there are less strict climate policies.

The United States has warned, for its part, that European climate rules can threaten the European Union The commercial deal With the White House.

US President Donald Trump concluded a framework agreement with European Commission President Ursula von der Lin in late July, which led to an introductory ceiling of 15 % for most European Union goods since the beginning of August.

This rate was much lower than 30 % by the American president, but above the baseline by 10 % the European Union was hoping.

Talk to Financial times Last month, US Energy Secretary Chris Wright said that in the absence of major adjustments, the European Union CBAM – among other green regulatory policies – will create “huge legal risks” to American companies that sell fossil fuels to Europe.

Other countries exposed to CBAM for the European Union also criticized the plans. India has It is said She said that she would be defected against carbon border taxes, saying that high -income countries are Historical For the climate crisis you should do more to reduce greenhouse gas emissions.

Meanwhile, China, Brazil and Russia, raised concerns about the carbon border taxes of the European Union, both of them United Nations Climate negotiations With World Trade Organization.

European Union von der Lain, in a Statement 2019 To become the head of the European Commission, she said that she intends to provide a carbon border tax “to avoid carbon leakage” and help European Union companies “to compete in a level stadium.

The policy was subsequently presented as part of the bloc’s efforts to reduce emissions by at least 55 % by the end of the contract.

Alex Mengden, a policy analyst at the Tax Corporation in Europe, said that European Union officials usually sought to reduce the possibility of any retaliatory steps from the main economies when the final stage of CBAM begins.

“It may appear that we can only take a lot of climate leadership because it has real costs on us, and if we are not in a global alliance, these costs have retracted ourselves instead of our commercial partners, which is the goal in the first place,” Mengden told CNBC.

“Now, of course, it may still succeed,” Mengden said. He added: “The issue of success for policy makers that set CBAM is the other countries that adopt their ETS systems.”