Issue 80: Taxing carbon across borders; co-firing under fire

In this issue: The European Union’s carbon border tax could have a significant impact on Asean, while Japan explores a new clean energy solution through “clean coal”.

Singapore & S-E Asia

Will the EU’s carbon border tax stir change in Asean?

The world’s first carbon border tax kicked off this year, signifying how climate change is increasingly shaping trade policy. The European Union’s carbon border adjustment mechanism, or CBAM, imposes a levy on certain carbon-intensive imports, such as steel, cement and fertiliser.