Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
WHEN AID donors helped fund the Mozal aluminium smelter in Mozambique, the goal was to help that southern African country build up its economy after a civil war. In a country with income per head of just over $600, the Mozal smelter is the largest industrial employer. Yet now the lofty aim to help poor countries grow risks falling foul of rich countries’ urge to decarbonise their economies and protect domestic manufacturing.
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This article appeared in the Finance & economics section of the print edition under the headline “C-BAM!”
Finance & economics October 12th 2024
- How America learned to love tariffs
- Could war in the Gulf push oil to $100 a barrel?
- Europe’s green trade restrictions are infuriating poor countries
- Can markets reduce pollution in India?
- Why have markets grown more captivated by data releases?
- China’s property crisis claims more victims: companies
- How bond investors soured on France
- Can the world’s most influential business index be fixed?
From the October 12th 2024 edition
Discover stories from this section and more in the list of contents
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Germany’s economy goes from bad to worse
Things may look brighter next year, but the relief will be short-lived
An economics Nobel for work on why nations succeed and fail
Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all
Why investors should still avoid Chinese stocks
The debate about “uninvestibility” obscures something important
China’s property crisis claims more victims: companies
Unsold homes are contributing to a balance-sheet recession
How America learned to love tariffs
Protectionism hasn’t been this respectable for decades
Why have markets grown more captivated by data releases?
Especially when the quality of statistics is deteriorating