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the EU is trying to honour its climate commitments

Carbon leakage: prevent firms from avoiding emissions rules

2 mins read

The FINANCIAL -- The Parliament is discussing a carbon levy on imported goods to stop companies moving outside the EU to avoid emissions standards, a practice known as carbon leakage. As European industry struggles to recover from the Covid-19 crisis and the economic pressure due to cheap imports from trading partners, the EU is trying to honour its climate commitments, whilst keeping jobs and production chains at home according to European Parliament.…

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Carbon leakage: prevent firms from avoiding emissions rules

2 mins read

The FINANCIAL -- The Parliament is discussing a carbon levy on imported goods to stop companies moving outside the EU to avoid emissions standards, a practice known as carbon leakage. As European industry struggles to recover from the Covid-19 crisis and the economic pressure due to cheap imports from trading partners, the EU is trying to…