Page 20 - Pascal Canfin News Today

The EU has reached a provisional agreement to impose the world's first "green tariffs," on the imports of carbon-intensive products.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

EU negotiators struck a preliminary deal on a carbon border tax, but a final agreement hinges on talks this weekend.

After 10 gruelling hours of overnight negotiations that lasted until five in the morning EU negotiators reached a deal on a border tariff for carbon-intensive goods, ending 20 years of discussions.

European Union policy makers reached a landmark deal Tuesday (Dec 13) to impose an emissions price on some imports from third countries in an attempt to ensure a level playing field for the bloc’s industries during an unprecedented green overhaul.

Countries that fail to decarbonise industries such as iron and steel face an effective carbon tax

Scope extended to hydrogen, certain precursors and indirect emissions and some downstream products  

If approved, as expected, the plan would impose tariffs on countries that fail to take strict steps to curb their greenhouse gas emissions.

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The European Union is hoping to reach a deal late on Monday to impose a carbon dioxide tariff on imports of polluting goods such as steel and cement, a scheme the bloc says is crucial to support