The CO2 Border Adjustment for the EU

By Susanne Droege

The heads of state and government of the European Union propose introducing a “carbon border adjustment mechanism” from 2023, to charge imported goods according to the CO2 emitted during their production. At their recent summit, they decided to use the ensuing revenues to boost the EU’s budget. This gives a fiscal twist to an instrument actually designed for climate policy. Ursula von der Leyen, the president of...

How Billionaires Take Seriously the Proverb “Charity Begins at Home”

By Peter Isackson

What is the point of having a billion dollars? Most people would say, after observing the behavior of recent billionaires, that the point is to turn the first billion into multiple billions. If you don’t spend it or bury it in the ground, money grows. That’s a law of nature. And when you have a billion dollars, you simply can’t just spend it, although some...

Editor's Picks

How Will COVID-19 Change Our World?

How Will COVID-19 Change Our World?

By Atul Singh

Editor’s Note: These are unprecedented times. A global pandemic has changed life as we know it. In recent months, Fair Observer has examined the crisis through political, economic and social lenses, publishing articles from around the world. The result is three 360° series that we urge you to read. You...

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The Interview

A fact commonly overlooked about India is that it is home to Ayurveda, an ancient system of medicine. Ayurveda is seen by several Indians as an alternative, healthier medicinal system as it is based completely on natural products. In 1917, Ram Dayal Joshi Sharma and Ram Narayan Sharma, who are brothers, co-founded the Baidyanath Group to commercially manufacture ayurvedic medicine. Baidyanath...

By Ankita Mukhopadhyay & Siddhesh Sharma