EU Lawmakers Call For Market-Linked Levy on Imported Emissions

Feb. 5, 2021, 10:53 AM

The European Parliament’s environment committee urged a swift introduction of a penalty on emissions brought into the region as it intensifies the fight against pollution.

Members of the committee endorsed on Friday a resolution calling on the European Commission to put a price by 2023 on emissions from imported products, including cement and steel, and link the levy to the region’s emissions market. The commission is drafting a law to penalize carbon-intensive imports in a bid to prevent local producers from moving out of Europe when the bloc introduces stricter policies under its Green Deal.

The 27-nation EU wants to ...

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