I wonder if at some point the EU should block the usage of dirty steel and only authorize carbon neutral steel. This would provide a great incentive for other countries to also invest in clean alternative.
> The Carbon Border Adjustment Mechanism will apply to imports across several sectors, including steel and aluminum, forcing them to respect EU environmental standards. It will come into effect in 2026 or 2027.
I think that's a great idea and could be applied to a lot of industries with large offshore carbon footprints. Maybe tariffs or quota limits that are linked to carbon?
https://www.lemonde.fr/en/environment/article/2022/12/13/eu-...