Politics
EU Urges Trading Partners to Impose CO2 Price to Avoid Levy
- Bloc plans to propose charge on emissions-intensive imports
- EU climate levy may include steel, cement, power, fertilizers
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The European Union called on its international partners to impose a price on pollution, a move that would help them avoid a new carbon import levy planned by the bloc.
The European Commission aims to propose in June a measure that would penalize emissions embedded in some goods brought into the region, possibly in sectors such as cement, steel, fertilizers and power, the EU Economic Affairs Commissioner Paolo Gentiloni said Tuesday. The so-called Carbon Border Adjustment Mechanism is part of the Green Deal, which bids for Europe to reach climate-neutrality by the middle of this century.