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Europe Mulls Several Carbon Border Tax Options, Official Says

Jan. 28, 2020, 5:02 PM

The European Commission is considering several options for penalizing imports from polluters, amid ever louder warnings that the plan could trigger retaliation from China and the U.S.

Options to impose the so-called carbon border-adjustment mechanism include a tax, a requirement for importers to buy permits in the European Union’s Emissions Trading System, or a new excise duty, said Vincente Hurtado-Roa, head of unit at the Commission’s Directorate-General for Taxation. The Commission -- the EU’s executive arm -- is due to unveil a proposal next year, which will then be subject to amendments and approval by the bloc’s 27 governments and ...

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