Climate & Environment
UK to launch carbon levy on imported goods in 2027
Treasury said the plans will help boost UK industry investment in cutting greenhouse gas emissions
Britain is set to charge a carbon levy on imported goods under plans announced by the UK Treasury to help prevent domestic firms being undercut by overseas manufacturers.
The Treasury said the proposed new tax will come into effect in 2027, ensuring that imports of products such as iron, steel, aluminium, ceramics and cement from overseas will face a comparable so-called carbon price to those manufactured in Britain.
A carbon price is used by governments ...