EU’s Carbon Levy Throws Up Another Brexit Border Challenge
- Ireland warns that CBAM could harm trade, electricity markets
- Country calls for the U.K. to be exempt from proposed measure
Power lines in Andersonstown, Belfast, Northern Ireland.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Ireland warned the European Union that a proposed carbon levy could hurt the country’s electricity market and post-Brexit trading relationship if the U.K. isn’t exempted from the measure.
Emma Tobin, an Irish diplomat, told EU environment ministers gathering in Brussels on Monday that the U.K. should be excused from the proposal to tax certain carbon-intensive goods imported into the bloc. Ireland’s electricity system is integrated with that of Northern Ireland and the U.K. Power generation is one of the sectors covered by the proposed Carbon Border Adjustment Mechanism.