E.U. ready to roll out plans for first-ever carbon border tax
By
Sara Schonhardt | 07/13/2021 10:42 AM GMT
Shipping containers at a port in Hamburg, Germany. The E.U. is preparing to enact a border fee on carbon-heavy imports. Morris MacMatzen/Getty Images
Europe is about to shake up the global trade network all in the name of climate change.
The European Union is scheduled this week to release its plan for a carbon border adjustment basically a fee on planet-warming carbon embedded in goods produced outside the 27-member bloc.
The E.U. border tax which would be the first of its kind in the world is part of a package of 13 different climate policies set to be unveiled tomorrow.
Daily on Energy: Democrats take first step toward clean energy legislation
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
E U Set to Unveil First-Ever Carbon Border Tax
scientificamerican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scientificamerican.com Daily Mail and Mail on Sunday newspapers.