Jeremy Hunt, the UK chancellor, is planning to introduce levies on imported carbon-intensive goods from countries with weaker climate regulations from 2026, mirroring measures being introduced by the EU. The plan, which could be announced in this month’s Autumn Statement, follows a consultation earlier this year on whether to introduce a “carbon border adjustment mechanism”, or CBAM, to protect industries from unfair competition from regions with lower carbon costs.
FT 13th Nov 2023 read more »
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