Banking service chronicle this article was published in the magazine market distortion basic countries opposed this carbon border taxes as it could result in market distortion besides aggravating the already widened trust deficit amongst parties. Banking service chronicle magazine other concerns potential economic risks to the global south developing countries may struggle to decarbonise fast enough to remain competitive in the global market. other developed economies may follow suit of carbon border tax and in the short run this will be harmful to industries in developing countries Banking service chronicle magazine subscription.
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