Government under pressure to set up green levy on UK imports

Overseas firms sending key goods to UK would have to show they were paying for emissions or face CBAMMinisters are under growing pressure to firm up plans for a green levy on imports to the UK before the general election campaign.The government is consulting on plans to introduce a carbon border adjustment mechanism (CBAM) from 2027. Under the system, overseas companies wishing to export key goods to the UK would have to show they were paying for their carbon emissions, or face a levy equivalent to the price paid for carbon by UK manufacturers. Continue reading...