EU's new carbon border tax goes into force
The European Union's controversial new rules on polluting industrial imports went into effect on January 1st, following a two-year transition period. Heavy goods such as steel, aluminium and cement are now subject to a new fee levied according to the amount of CO2 emitted during their production. China issued a statement slamming the measure as unfairly targeting Chinese goods.
The European Union's controversial new rules on polluting industrial imports went into effect on January 1st, following a two-year transition period. Heavy goods such as steel, aluminium and cement are now subject to a new fee levied according to the amount of CO2 emitted during their production. China issued a statement slamming the measure as unfairly targeting Chinese goods.
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