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World's first carbon import tax approved by EU lawmakers

The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time. Tuesday’s vote caps nearly two years of negotiations aimed at pushing economies around the world to put a price on carbon-dioxide emissions while shielding the EU’s manufacturers from countries that aren’t regulating greenhouse-gas emissions as strictly, or at all. The tax gives credit to countries that put a price on carbon by deducting payments for overseas carbon emissions when goods arrive at EU borders.

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46 more agrees trigger social media ads

  • Daniel Waweru

    65 w

    This is a good law, it will help decarbonize the environment

    • Joseph Githinji

      65 w

      This is amazing, this will reduce carbon emissions significantly and also creat a sense of responsibility.

    • George Kariuki

      65 w

      I hope that this initiative inspires other nations to adopt similar measures to address the urgent need to reduce carbon emissions and combat climate change.

      • Munene Mugambi

        65 w

        We seem to be generating a lot of revenue from carbon taxation, my question is, where does this money go?

        • Daniel Waweru

          65 w

          @munene_mugambi I do not want to think that maybe it is channeled in non-environment matters

        • Elizabeth Gathigia

          65 w

          Great decision

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