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5 Aug 2021
The European Commission on Wednesday put forward plans for the world’s first carbon border tax, on imports of carbon-intensive steel, aluminium, cement, fertilisers and electricity, as part of a programme to meet its new climate target.
The border levy should be phased in from 2026, the Commission said, and is designed to protect European industries from competitors abroad whose manufacturers can produce at lower cost because they are not charged for their carbon output.
Read the full article here.
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