May 27, 2024 — The European Union’s Carbon Border Adjustment Mechanism (CBAM) has begun asking EU importers to report data on emissions of greenhouse gases by their foreign suppliers (direct, but also indirect, i.e., embodied in the electricity they use). The first round of reports were due January 31 of this year. European importers are required by July to have established access to the data on emissions embedded in their suppliers’ products. The full CBAM regime, with European penalties against imports from countries that don’t price carbon as the EU does, will go into operation on January 1st, 2026. It will have a major impact on producers of carbon-intensive products among EU trading partners.
Category Archives: Europe
Helping Ukraine is a National Security No-brainer
January 28, 2024 — Much is difficult to understand about what has happened to one of our two political parties. Among other things, I don’t understand why some Republican congresspeople oppose an extension of US support for the government of Ukraine in its fight against the Russian invasion, and why others who may be in favor of continuing support give it so low priority as to allow their colleagues to block it, by holding it hostage to unrelated Mexican border concerns.
Weighing costs and benefits, backing Ukraine is one of the most sensible US foreign affairs policy priorities in a long time. As Ukrainian President Volodomyr Zelensky said earlier this month, “Giving us money or giving us weapons, you support yourself.”
Energy Policies Can Be Both Geopolitical & Green
April 29, 2022 — Russia’s invasion of Ukraine has amplified the importance of national security objectives when Western nations formulate energy policy. At the same time, they should not take their eye off the ball of reducing environmental damage and, in particular, slowing down greenhouse gas emissions. Both goals, geopolitical and environmental, are urgent. The national security and environmental objective should be evaluated together, rather than via separate “stove pipes.”
Some talk as if the two goals are necessarily in conflict — because, for example, fighting back against Moscow by boosting domestic US oil production would contribute to air pollution and global climate change. But there are plenty of steps that would benefit the environment and simultaneously further the geopolitical objective. The most obvious steps, especially for the EU, are sanctions that cut demand for imports of fossil fuels from Russia.