EU to Consider Climate Tariff?

According to this report, the European Union may consider adopting a "border tax adjustment" on imports from countries that do not impose domestic caps on carbon dioxide emissions. The idea is to reduce some of the costs of the EU's emission trading scheme. Set aside that parts of the EU itself are themselves behind schedule on the emission reductions to which they've already committed, such a proposal could be very attractive to domestic industries that would like tariff "protection" from foreign competition.

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