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Document 52021SC0647

    Initiative summary:
    The European Green Deal includes the firm ambition of making Europe climate-neutral by 2050. As long as many international partners do not share the same climate ambition, there is a risk of carbon leakage. Should these differences persist worldwide, a Carbon Border Adjustment Mechanism that effectively places a carbon price on imported products for selected sectors, can contribute to managing the risks of carbon leakage, reducing global emissions while keeping the carbon price signal.
    EuroVoc thesaurus:
    fiscal policy; customs union; climate change policy; common commercial policy; common tariff policy; climate change; adaptation to climate change; import (EU); emission trading; originating product; carbon; surveillance concerning imports; carbon neutrality; greenhouse gas; third country