UK plans to implement a carbon tax on imported goods from 2027
The UK is the first major economy to legislate on achieving net zero emissions and is reducing its emissions faster than any other G7 country.
Category
🗞
NewsTranscript
00:00 The UK has announced that by 2027 it will introduce a new carbon tax on imported carbon-intensive goods from sectors such as metallurgy, glass or cement.
00:10 The move comes in the wake of a similar mechanism in the European Union.
00:14 The UK has been the first major economy to legislate to achieve net zero emissions and is reducing them faster than any other G7 country.
00:23 The new rules will address carbon leakage, reducing the risk that production and associated emissions are shifted to other countries because they have a lower carbon price.
00:33 price.
00:33 (whooshing)