EU Implements Carbon Border Tax Amid Global Trade Tensions
The EU has implemented new 'green tariff' rules, requiring companies exporting high-carbon goods like steel and cement to prove compliance with low-carbon standards or face fines, aiming to level the playing field and prevent carbon leakage, with future expansions planned to include more products and broader scope. UK companies are concerned about potential impacts, but officials suggest minimal immediate effects and ongoing efforts to link UK and EU carbon markets.