Starting from 2027, the UK is planning to implement a carbon tax on imported goods

The UK has announced plans to impose a carbon tax on imported raw materials such as aluminum, iron, steel, and cement starting from 2027, aiming to prevent overseas producers from undercutting local firms.

The UK Treasury, unveiling the plan, stated that the proposed new tax would level the playing field and assist greener domestic producers in competing against higher-carbon yet cheaper foreign rivals.

However, British Steel criticized the move for being too slow, as similar proposals from the European Union would come into effect a year later.

Source: EuroNews

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