Question

Which country plans to introduce a carbon import levy on certain products starting in 2027 to safeguard businesses from cheaper imports originating from countries with less stringent climate policies?

Q: Answer-Which country plans to introduce a carbon import levy on certain products starting in 2027 to safegu...

The United Kingdom will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies. The planned carbon border adjustment mechanism CBAM will apply to carbon-intensive products in the iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass and cement sectors.