EU's carbon border tax will test appetite for global climate action

3 months ago 28
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Environment | Analysis 14 July 2021

By Adam Vaughan

shipping containers

Containers astatine a loading terminal successful the Port of Hamburg, Germany

FABIAN BIMMER/Reuters/Alamy

An unprecedented and arguable c taxation volition beryllium applied to goods imported to the European Union from 2026, the flagship measurement successful a sweeping suite of European Commission policies unveiled contiguous to conscionable the bloc’s 2030 clime target.

The taxation volition mean companies importing robust and steel, aluminium, cement, fertilisers and energy to the EU volition person to bargain a certificate for each tonne of c dioxide embedded successful their goods. In theory, it puts importers’ costs connected a …

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