Unfair taxation in the name of climate action

EU's Carbon Border tax is not just discriminatory but founded on a flawed and faulty concept aimed to shift the burden of the carbon transition on to developing countries

There is a renewed focus on international public finance — the use of fiscal instruments to achieve desired cross-border public policy objectives. In the past, the conversation was about enhancing expenditure on merit goods like health and education, and on things like debt relief and universal provisioning through multilateral grants and concessional loans. The current response is  different. A lot of cheap talk notwithstanding, the provision of grants and concessional finance for climate and development investments is a fraction of what is required. What is new, however, is the speed and alacrity with which rich countries are making global tax