Carbon tax on cheap imports delayed until 2027
Britain is to introduce a carbon border tax to prevent some domestic industries that are subject to climate change levies being undercut by imports from nations lacking such policies.
The government announced that from 2027 it would implement a “carbon border adjustment mechanism”, a policy widely called for by heavy industry and Britain’s official climate advisers.
However, ministers faced criticism over details of the policy, including slow implementation relative to a similar EU scheme, the fact that it will not apply to the electricity or refining sectors and concerns that businesses trading with the EU will face red tape navigating the separate schemes.
Britain’s climate change goal of net-zero emissions by 2050 will require industry to decarbonise. One of the main drivers of this is
