The European Union has long been known as a collection of bad ideas. On brand, it has decided to become the creator of the world’s largest and most complicated carbon-pricing system. Setting aside the absurdity of going to war with life’s essential building block, the European Union’s Carbon Border Adjustment Mechanism (CBAM) promises to disrupt global supply chains, create significant trade problems, and inspire other nations – such as Australia – to join in.
The existence of this carbon tax conversation serves as confirmation that Net Zero products are substandard, undesirable to the public, and unable to compete in a fair and free marketplace. To force these so-called ‘cheap’ and ‘climate friendly’ industries onto society, trillions of dollars have been taken from the public purse, along with the establishment of punitive measures against market competitors (including entire countries). This is never mentioned when politicians wave their arms around and talk vaguely about ‘saving the planet’. If Net Zero technologies were truly all the shiny marketing pamphlets promised, no such coercive legislative behaviour would be necessary.
The European Union, the "gift" that keeps on "giving".