EU parliament agrees world’s first carbon border tax
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.
Reuters
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