Environment

EU warns Turkish exporters of potential steep extra costs under new carbon rules

Published

Turkish exporters of energy-intensive products such as cement, steel and aluminium could face steep additional costs when legislative proposals tabled by the EU Green Deal come into effect, a new study by the European Bank for Reconstruction and Development (EBRD) shows.

The EBRD said on July 29 that the study found that businesses could be paying extra charges of €777 million, but that these would decrease to €399 million if only direct emissions are considered.

The analysis also warns Tu…

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