The European Union launched on Sunday the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement and other goods as it tries to stop more polluting foreign products from undermining its green transition.

BRUSSELS, Oct 1 (Reuters) - The European Union launched on Sunday the first phase of the world’s first system to impose CO2 emissions tariffs on imported steel, cement and other goods as it tries to stop more polluting foreign products from undermining its green transition.

    • CanadaPlus@lemmy.sdf.org
      2·
      1 year ago

      It seems to me like a good way to introduce the exact amount of friction intended. You can still ship stuff to the EU, you’re just penalised for whatever emissions that come with it.