EU launches first phase of world’s first carbon border tariff ...Middle East

BRUSSELS, Oct 1 (Reuters) – The European Union launched on Sunday the first phase of the world’s first system to impose CO2 emissions tariffs on imported steel, cement and other goods as it tries to stop more polluting foreign products from undermining its green transition. The planned tariff has caused disquiet among trading partners and at a forum last month, China’s top climate envoy Xie Zhenhua urged countries not to resort to unilateral measures such as the EU levy. The bloc will not begin collecting any CO2 emission charges at the border until 2026. Sunday, however, marks the start of an initial phase of the Carbon Border Adjustment Mechanism (CBAM) when EU importers will have to rep

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