"From 2026-2034, the EU will phase out the free CO2 #permits it currently gives industries to protect them from foreign competition.

Those permits will be wound down as the EU phases in a #CarbonBorderTariff designed to prevent domestic firms from being undercut by overseas competitors."

https://www.reuters.com/business/environment/eu-reaches-agreement-pivotal-carbon-market-deal-czech-eu-presidency-2022-12-18/

"From 2026-2034, the EU will phase out the free CO2 #permits it currently gives industries to protect them from foreign competition.

Those permits will be wound down as the EU phases in a #CarbonBorderTariff designed to prevent domestic firms from being undercut by overseas competitors."

https://www.reuters.com/business/environment/eu-reaches-agreement-pivotal-carbon-market-deal-czech-eu-presidency-2022-12-18/