Too complicated and unprofitable: Sparkassen-economists have doubts about the proposed EU climate customs

The planned EU border is expensive for the protection of the climate experts of the savings banks group, according to both complicated as well as very efficient

Too complicated and unprofitable: Sparkassen-economists have doubts about the proposed EU climate customs

The planned EU border is expensive for the protection of the climate experts of the savings banks group, according to both complicated as well as very efficient. The so-called climate customs could, in principle, be useful, revealed on Wednesday published a study of the chief economists of the savings banks Finance group. But: "The overall result is sobering."

In the core to charge the inch products from countries with low climate conditions, in turn, the export could get your in the EU benefits in the case of exports to third countries. Thus, the community wants to prevent a relocation of production to countries with lax climate-Standards. The revenues of the CO2 tax should also come to the EU-Corona-re-building Fund, which has a volume of € 390 billion, of benefit. Implementation of proposals will come in 2021, and the tax 2023 grab.

The economists hold both the implementation and the compatibility of the climate customs with world trade law is complicated. "The funds generated, we also appreciate rather than drop on the hot stone", - stated in the study.

Updated Date: 05 August 2020, 19:20

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