“The European Green Deal’s Border Carbon Adjustment: Potential impacts on Turkey’s Exports to the European Union” Webinar Summary Report
The European Green Deal that was presented by the European Commission in December 2019 aims to make the continent as the first carbon-neutral by the end of mid-century. As part of this strategy, a border carbon adjustment is being considered, which would increase the cost of carbon-intensive goods imported to the European Union (EU). This will reverse the carbon leakage debate from Europe’s border to countries that export goods to the EU. Commodities with a high share in energy costs that source its energy demand from fossil fuels will be impacted the most.