How Will the EU’s New Climate Law Affect Trade?



The EU plans to levy import duties on aluminum, steel, and cement coming from countries with lower environmental standards, as it seeks to demonstrate a willingness to combat climate change without impacting domestic producers. Importers will need to buy special certificates at a price linked to the EU Emissions Trading System. It all adds up to a new-style “Climate Club”, with details to be hashed out in the weeks ahead.

Read More:

back ]