The EU carbon border tax will force others to cut emissions from 2026.
In 2026, the European Union will start charging a carbon-emissions-based tax, the carbon border adjustment mechanism, on imported goods such as steel, cement and fertilisers – and countries including the UK are likely to follow.
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The European Union rolls out a new carbon border tax, but industry leaders remain unconvinced.
The EU launches its Carbon Border Adjustment Mechanism on 1 January.
In December, Brussels expanded the scope of this system, which taxes imports of the most polluting industrial products.
Although designed to shield Europe from foreign competition, many consider it insufficient.
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The EU launches its Carbon Border Adjustment Mechanism on 1 January. In December, Brussels expanded the scope of this system, which taxes imports of the most polluting industrial products. Although …
Brussels stalls the Brexit reset talks as the carbon tax deadline looms.
EU countries have clashed over the issue of how much the UK should pay to participate in the EU's single market.
Without a deal in place by the end of December, British firms exporting carbon-intensive goods to the EU such as steel and cement will be hit by the taxes from 1 January.