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EU parliament agrees world’s first carbon border tax

Kate Abnett

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Brussels | After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonise.

Negotiators from EU countries and the European Parliament reached a deal at around 5am local time in Brussels, on the law to impose CO2 emissions costs on imports of iron and steel, cement, fertilisers, aluminium and electricity.

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Reuters

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    Original URL: https://www.afr.com/policy/energy-and-climate/eu-parliament-agrees-world-s-first-carbon-border-tax-20221213-p5c62g