The European Union is poised to fully implement the world’s first carbon border tax from Jan. 1. The controversial measure, known as the Carbon Border Adjustment Mechanism, has been criticized by the ...

Starting 2026, EU importers and non-EU exporters will face a levy on emissions linked to their products, echoing the EU Emissions Trading System. The carbon tax aims to promote green technologies and ...

Current political and economic issues succinctly explained. Governments often rely on taxes to both discourage and encourage behavior. In the climate space, carbon taxes on production—which are levied ...

EU climate chief suggests excluding 80% of companies from carbon border tariff Says move would barely reduce amount of emissions covered by the levy EU seeks ways to cut red tape for industries ...

BRUSSELS, May 27 (Reuters) - European Union countries backed plans on Tuesday to scale back the bloc's carbon border levy to cover just 10% of the companies currently covered by the scheme, on the ...

The Council adopted today its negotiating position (general approach) on one of the proposals of the so-called ‘Omnibus I’ legislative package, which simplifies and strengthens the EU’s carbon border ...