UK and EU poised to strike deal sparing British business from carbon border tax
by Eleni Courea Political correspondent from World news | The Guardian on (#70FH7)
Exclusive: temporary deal to shield UK exporters from levy's impact is now viewed by both sides as likely
The EU and Britain are poised to agree a deal sparing British businesses from a carbon border tax being introduced in 2026, with officials targeting late spring for the next EU-UK summit.
The EU is introducing a carbon border adjustment mechanism (CBAM) on 1 January targeting imports produced using carbon-intensive methods, such as steel, glass and fertiliser.
Continue reading...