Tree Frog Forestry News

EU considers tax, emissions trading for carbon border plan

By Kate Abnett
Reuters in The Telegram
July 23, 2020
Category: Carbon, Climate & Bioenergy
Region: International

BRUSSELS — The European Union has laid out options for designing its plan to impose charges on imports of some goods to try to protect EU industry from being undercut by countries with weaker climate policies. Options under consideration are a value-added tax , a customs levy and an extension of the EU’s carbon market, the European Commission said on Wednesday. The aim is to create a level playing field where EU companies are not shouldering carbon costs that put them at a disadvantage against foreign rivals who do not face such charges. The Commission will unveil plans next year to impose so-called carbon costs on imports – a move which officials admit could ignite trade tensions. 

Read More