21.03.08~20.03.14 European Parliament backs plan to price carbon at EU’s border

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The European Parliament on Wednesday (10 March) overwhelmingly endorsed the creation of a carbon border charge that would shield EU companies against cheaper imports from countries with weaker climate policies.


The mechanism is intended to make sure that imports from outside Europe do not have an unfair advantage if manufactured with a bigger carbon footprint.
To level the playing field, non-European products would need to buy pollution permits from the EU’s own carbon emissions scheme, known as the EU emissions trading system or ETS.


An excerpt from https://www.euractiv.com/section/energy-environment/news/european-parliament-backs-plan-to-price-carbon-at-eus-border/

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