From the Centre for European Reform, this is the CEO podcast.

It is a critical moment.

If we do not act with urgency, we would then severely undermine the liberal order.

Brexit means Brexit, and we're going to make a success of it.

The wind is back in Europe's sales.

We have now a window of opportunity, but it will not stay open forever.

Hello, you're listening to the CER podcast with me, Beth Oppenheim, and today I'm with Sam Lowe, a senior

research fellow here.

Hi, Beth.

And today we're asking, should the EU tax imported carbon dioxide?

This feels pretty topical, given that we've just waded through the extinction rebellion protest

to get to work.

And we know that climate change is a crucial issue for the new European

Commission. Incoming Commission President Ursula von der Leyen has already presented her Green New

Deal, suggesting more ambitious greenhouse gas emissions targets and presenting some radical policy

ideas, including this carbon border tax. But we know that some member states are worried that greener policies will lose them their competitive edge.

Plus, there's this alleged risk that industrial activity will move to countries that have weaker regulations,

which would hurt Europe's economy and the environment.

So, Sam, as I've just said, a lot of countries are worried that more stringent environmental

policies could lead to this relocation of economic activity. Is this true? I think if we're

looking at the evidence to date, it's not particularly comprehensive, this idea that pursuing

green policies leads to an offshoring of economic activity. But that's not to say that it

...