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UK GOVERNMENT

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UK to introduce carbon tax on steel imports from 2027

United kingdom has created a new law to curb carbon emmisions. All imported raw materials such as steel and cement will now incur a new carbon tax from 2027. This is meant to support all domestic producers and reduce emissions. The Treasury department says the regulation is set to address the phenomenon of “carbon leakage”, in which UK manufacturers are undercut on price by foreign rivals whose governments do not impose levies on businesses that emit a lot of carbon. The chancellor, Jeremy Hunt, said: “This levy will make sure carbon intensive products from overseas – like steel and ceramics – face a comparable carbon price to those produced in the UK, so that our decarbonisation efforts translate into reductions in global emissions. “This should give UK industry the confidence to invest in decarbonisation as the world transitions to net zero.” Source - The Guardian Read more: https://www.theguardian.com/business/2023/dec/18/uk-carbon-tax-steel-imports-iron-ceramics-cement

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142 more agrees trigger scaled up advertising

  • Rashid Kamau

    12 w

    Carbon pricing shows serious promise as a tool in the fight against climate change.

    2
    • CHRIS NGATIA

      10 w

      @rashid_kamau such promises are a glimmer of hope

    • Ann Nyambura

      14 w

      This is a step in the right direction for global climate action.

      3
      • DIPANJANA MAULIK

        14 w

        This is great way to nudge policy makers to opt for low or no GHG emitting Technlogies

        1
        • Gorffly mokua

          16 w

          Great!💚👏

          2
          • Kevin

            16 w

            This is a great law that will cover the carbon leaks therein

            4
            • We Don't Have Time

              16 w

              Dear Joseph Githinji Your climate love has received over 50 agrees! We have reached out to UK GOVERNMENT by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

              3
              • George Kariuki

                16 w

                The UK's carbon tax on steel imports is a positive step that could help encourage global emissions reduction.

                3
                • walter lungayi

                  16 w

                  This is a positive step towards reducing carbon emissions and promoting sustainable steel production.

                  5
                  • Princess

                    16 w

                    This is a strategic move to promote environmental responsibility and encourage sustainable practices in the steel industry.

                    5
                    • Munene Mugambi

                      16 w

                      As long as the money generated from such activities goes to the right climate efforts I'm good with it. Let's also keep in mind that we can't tax ourselves out of climate change

                      4
                      • johnte ndeto

                        16 w

                        Introducing carbon tax will discourage the possible crisis posed by carbon emissions

                        15
                        • rosebellendiritu

                          16 w

                          @johnte_ndeto it should be heavy tax to discourage this completely

                          2
                        • Rotich Kim

                          16 w

                          Uk is doing extermly well as this tex will limit majority of people from import steel hence environmental friendly move

                          15
                          • Joseph Githinji

                            16 w

                            @rotich_kim absolutely! This is going to create a better and sustainable environment in the UK.

                            4
                            • winnie nguru

                              16 w

                              @rotich_kim this is true

                              2
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