EU Proposal on Carbon Border Levy Due in Mid-2021, Official Says

June 3, 2020, 10:34 AM

European Union is analyzing a potential carbon fee on imports from several sectors, including steel, cement and paper, according to Sabine Weyand, director general for trade at the European Commission.

  • Any measure will be compatible with World Trade Organization rules, Weyand said on a video conference on Wednesday
  • Carbon border adjustment mechanism would have to be an alternative to current free allowances handed out to companies in EU Emissions Trading System, Weyand said
  • “WTO-compatibility is necessary but by no means a sufficient condition for ensuring that we’re able to introduce this measure without risking major relation measures,” she said
  • Commission ...

To read the full article log in. To learn more about a subscription click here.