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.
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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