EU launches world’s first carbon border tax ...News

Russia Today - Economy
EU launches world’s first carbon border tax
source : Russia Today ( News ) () 70
Brussels is set to impose CO2 emissions tariffs on carbon-intensive imports including steel and cement The EU launched the first phase an emissions tariff scheme on Sunday, with a planned import tax on steel, aluminum, cement and fertilisers, as part of its bid to become a climate-neutral region. During the first phase, until 2026, Brussels does not plan to collect any CO2 emissions charges at the border. Until then the system will collect data on carbon-intensive imports. EU importers are now obliged to report the greenhouse gas emissions embedded in the production of imported iron, steel, aluminium, cement, elec

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