UK eyes Cbam as net-zero push accelerates
Government consults on measures to tackle carbon leakage as it ramps up domestic decarbonisation efforts
The UK could impose a carbon tax on imports from the middle of this decade to tackle potential “carbon leakage” as its domestic decarbonisation efforts gather pace, the government says in its latest energy strategy update. The government has launched a consultation on the potential deployment of various measures, including an import tax in the form of the Carbon Border Adjustment Mechanism (Cbam) and the introduction of product standards requirements. “As we increase our efforts to decarbonise domestically, we must ensure production, and the associated greenhouse gas emissions, do not shift to other countries with lower carbon pricing and climate regulation,” the government says in a strateg
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