Big-emitting Australian businesses could soon face costly carbon levy in Europe

If the Morrison government does not impose emissions reduction policies, exporters may need to buy carbon permits in the EU
Europe trade talks: Australia urged to be more ambitious' on climate

Big-emitting Australian businesses that export to Europe could soon face steep carbon levies of more than $70 a tonne unless the federal government imposes emissions reduction policies, according to a new analysis.

A research note by climate and energy advisory firm RepuTex said a proposal for a carbon border adjustment mechanism" by no later than 2023 made it clear companies that imported emissions-intensive industrial goods into the continent would soon need to buy carbon permits.