London | Australian companies have been urged to start preparing now for the European Union’s carbon border tax in 2023, or else risk getting caught up in a potential fracturing of the world trade system.
Consulting firms are gearing up to offer carbon audits to their clients, while think tank experts warn that the border tax could end up splintering the world into high-carbon and low-carbon blocs.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
