EU carbon border tax being drawn up to support Green Deal
The levy would penalise the greenhouse gas pollution produced by factories outside the region that ship their products into Europe
29 September 2020 - 18:58
Brussels — The first glimpse is emerging of a levy the EU is drawing up to ensure its Green Deal environmental rules aren’t undone by nations with weaker standards.
The measure being drafted by the EU’s executive arm will penalise the greenhouse gas pollution produced by factories outside the region that ship their products into Europe. The “carbon border adjustment mechanism” is meant to ensure that domestic industries most at risk from stricter climate policies aren’t hurt by the Green Deal...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.