Read more at:
https://www.cbc.ca/news/technology/easyjet-net-zero-carbon-1.5255977
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Others say the taxes are a green stick, wielded to force developing nations into a global climate compact. Either way, in practice they would be a logistical, legal, and diplomatic nightmare. How much more carbon is emitted when a tennis shoe is made in Shanghai rather than San Francisco? And when parts come from a supply chain spread throughout half the world, who foots the bill? Never mind that the U.N. Climate Convention expressly prohibits "arbitrary or unjustified mitigation measures that could affect international trade."
For more: The Coming Battles Over Green Trade - Wealth of Nations Blog - Newsweek.com
The Commission has estimated that a carbon price of around the €40-50 per tonne would be required to reach the EU’s 2020 commitments. This would imply, at current exchange rates, about $50-70 per tonne. This might be too high for the US, where $30-$40 per tonne has been estimated to be the politically feasible limit. At $40 (€30) per tonne, a border carbon tax on Chinese exports (to the EU) would be a bit more than two times $40 per $1,000 of exports, or approximately 9% on average. Rates would be much higher for energy-intensive products and lower for most others.
As China upgrades the sophistication of its exports, the average rate might come down, but under current conditions the average carbon tax could thus be very significant, much higher than the most-favoured-nation tariffs currently applied by the EU, and certainly an order of magnitude larger than the modest tariff reductions that were contemplated under the
Note EU-Digest:
It is unfair to impose carbon tax on EU enterprises, while letting other countries like China neglect their environmental responsibilities and get a competitive advantage.
For the complete report click on the link : Why the EU needs a border tax on carbon | vox - Research-based policy analysis and commentary from leading economists
The Dutch government is to become the first country in Europe to introduce a green tax to replace annual road tax on cars. Drivers will have to pay per kilometer driven in a bid to end chronic traffic jams and cut carbon emissions. The system, which will use Global Positioning Systems (GPS) to monitor cars, could be used as a test case for other countries weighing options for easing crowded roads. Singapore has a similar scheme for charging according to the amount of travel.