UK says to launch carbon levy on imports from 2027

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UK says to launch carbon levy on imports from 2027

UK says to launch carbon levy on imports from 2027
by AFP Staff Writers
London (AFP) Dec 18, 2023

Britain on Monday said it planned to introduce a levy on carbon-intensive imported goods such as cement and iron from 2027.

"This levy will make sure carbon intensive products from overseas -- like steel and ceramics -- face a comparable carbon price to those produced in the UK," finance minister Jeremy Hunt said in a statement.

Hunt added that this would enable Britain's "decarbonisation efforts (to) translate into reductions in global emissions".

The Treasury will next year consult on the levy, known as the carbon border adjustment mechanism, to help decide on its delivery and the full list of goods that will have CBAM applied.

The government department on Monday identified aluminium, fertiliser, glass and hydrogen as other products set to face the levy.

A similar tax by the European Union was set to launch in 2026.

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