They are not even trying to hide it anymore: climate change = more taxes.

EU is gonna tax you and your company into oblivion or, if your company is strong enough to survive this blow, into living in a communist regime.

"By confirming that a price has been paid for the embedded carbon emissions generated in the production of certain goods imported in the EU, the CBAM will ensure the carbon price of imports is equivalent to the carbon price of domestic production, and that the EU's climate objectives are not undermined. The CBMA is designed to be compatible with WTO rules.

EU importers of goods covered by the CBAM registers with national authorities where they can also buy CBAM certificates. Certificates are priced based on weekly ETS allowance."