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Europe’s Carbon Levy Should Cover Hydrogen, Key Sponsor Says

  • EU Parliament member Chahim drafts report on CO2 border levy
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The European Union’s proposal to charge importers for bringing emissions into the region should be expanded to cover hydrogen, organic chemicals and polymers, according to proposed amendments seen by Bloomberg News.

The 27-nation bloc plans to introduce a new levy, called the Carbon Border Adjustment Mechanism, to ensure a level playing field among producers during an unprecedented shift to climate neutrality. The tariff initially would target steel, aluminum, cement, fertilizers and electricity to discourage manufacturers from moving plants to countries with laxer pollution policies.