EU Reaches Deal On Carbon Tax For Imports ...Middle East

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EU Reaches Deal On Carbon Tax For Imports
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The European Union reached on Tuesday a provisional agreement to impose a carbon tax on the imports of polluting non-EU products such as iron and steel, cement, aluminum, fertilizers, and electricity, in a first trade regulation accounting for carbon emission intensity. The provisional deal, which the European Parliament and the EU member states reached after more than a year of negotiations, is aimed at protecting EU industries that reduce emissions from competing products manufactured or derived from non-EU countries with less ambitious climate…

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