18 July 2021

EU proposes world’s 01st carbon border tax for import.

The European Commission on Wednesday 14 July 2021 put forward plans for the world’s first "carbon border tax" on imports of carbon-intensive goods, including steel, cement, fertilisers and aluminium, as part of a programme to meet its new climate target.

The border levy should be phased in from 2026, the Commission said. The measure is designed to protect European industries from competitors abroad not subject to the same carbon levies.

A transitional phase from 2023-25 will see importers monitoring and reporting their emissions.

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