“Carbon leakage” means ‘dirty’ industries relocating out of the EU to avoid carbon restrictions. Carbon border tariffs also are expected to supersede Ukraine’s Association Agreement with the EU. Under EU policies expected to be adopted next summer, new tariffs could be levied on Ukrainian steel, cement and even grain. The EU Green Deal could also end EBRD and European Investment Bank loans to companies judge ‘dirty’ for their emissions or use of ‘dirty’ energy.
“Carbon leakage” means ‘dirty’ industries relocating out of the EU to avoid carbon restrictions.
