The European Union’s carbon border tax will add new compliance costs for Canadian businesses that trade certain products, especially steel and aluminum, to the bloc. The increased costs—linked to differing demands for measuring, reporting, and verifying a product’s greenhouse gas emissions across the growing number of countries adopting border carbon adjustment (BCA) mechanisms—“make it tough for any exporter to those markets,” Aaron Cosbey, senior associate at the International Institute for Sustainable Development (IISD), told The Energy Mix.
IISD in the news
August 19, 2026