Potential Levies On Imported Carbon Labelled ‘Betrayal of Taxpayers’ By Think Tank

The government is looking at the possibility of introducing levies on imported carbon-intensive goods from countries with weaker climate regulations, as a think tank labels the move a “betrayal of taxpayers.” The move is intended to address ‘carbon leakage’ concerns and protect vulnerable home industries like British steel. The measures, mirroring the EU’s Carbon Border Adjustment Mechanism (CBAM), emphasise the government’s commitment to aligning with global climate strategies. Conversations around the bid to prevent the UK from becoming a dumping ground for high-emission, low-cost products come after extra emphasis has been placed in recent weeks on making the UK steel industry “carbon neutral.”...