European nations endorse plan to impose carbon imports levy

EU member states support a bill to apply carbon taxation to imports on a series of products like steel and concrete coming from countries with more lenient environmental policies as the continent works to achieve its climate objectives.
Photo: Vincent Kessler/Reuters/Ritzau Scanpix
Photo: Vincent Kessler/Reuters/Ritzau Scanpix
By Ewa Krukowska, Bloomberg News

European Union governments backed a proposal that would slap an import levy on iron and steel, cement and aluminum produced in countries with lower environmental standards as the bloc seeks to shield domestic producers during an ambitious green overhaul.

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