Today news
About the same in other media
World’s First Carbon Import Tax Approved by EU Lawmakers
Reading now: 709
wsj.comThe European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time.
Tuesday’s vote caps nearly two years of negotiations on the import tax, which aims to push economies around the world to put a price on carbon-dioxide emissions while shielding the EU’s manufacturers from countries that aren’t regulating emissions as strictly, or at all. The tax gives credit to countries that put a price on carbon, allowing importers of goods from those countries to deduct payments made for overseas emissions from the amount owed at the EU’s borders.
Read more on wsj.comAbout this in other media
Berkshire Hathaway's operating earnings increase 12% in the first quarter, cash hoard tops $130 billion cnbc.com /1 year ago
Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more cointelegraph.com /1 year ago
Mortgages for new UK first-time buyers up ‘nearly £200 a month’ on a year ago theguardian.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
