EU becomes first leading economy to legislate for 'green tariff' on imports | International trade
Countries that fail to decarbonise industries such as iron and steel face an effective carbon tax
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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