CBAM: The big dirty hole in the EU CO2 tax17 April 2023 – CBAM or the European Union Carbon Border Tax is an important component of the European Green Deal. Although the measure is supposed to contribute to a reduction of CO2 emissions, it is becoming more and more apparent that the EU’s own CO2-intensive industry, above all the EU steel manufacturers, are to be protected and given preferential treatment with obvious loopholes and hollow justifications that border on stupidity. But the green steel bubble could soon belong on the scrap heap. Source