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EU Carbon border tariff
March 19 , 2022
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- The European Union (EU) countries decided to impose the world’s first carbon dioxide (CO2) emissions tariff on imports of polluting goods.
- The European Union (EU) wants to introduce carbon dioxide (CO2) emissions costs on imports of steel, cement, fertilizers, aluminum, and electricity.
- The aim of imposing this tariff is to protect the European industry, as the European market is flooded by cheaper goods made in countries with weak environmental rules.
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