OPINION: How CBAM could knock the wind out of our sails

The European Union has raised in the region of €2.4bn to finance some 100 port projects in both Spain and Ireland Photo: Yanni Koutsomitis/flickr/CC BY 2.0

Incoming legislation could see the price of a single wind turbine increase by almost €1 million under new rules that the EU is imposing on its own industries.

In what could be seen as an act of self-harm, the Carbon Border Adjustment Mechanism will put up prices for anyone who uses steel, aluminium, fibreglass and cement – and those are just the materials it’s starting with.

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