This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

Charley Rattan's picture
World Hydrogen Leader , Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

  • Member since 2019
  • 3,809 items added with 2,557,410 views
  • Jul 19, 2021
  • 778 views

US aligning with EU

BRUSSELS/LONDON, July 14 (Reuters) - The European Commission on Wednesday put forward plans for the world’s first carbon border tax, on imports of carbon-intensive steel, aluminium, cement, fertilisers and electricity, as part of a programme to meet its new climate target.

The border levy should be phased in from 2026, the Commission said, and is designed to protect European industries from competitors abroad whose manufacturers can produce at lower cost because they are not charged for their carbon output.

Under the proposal, a transitional phase from 2023-25 will require importers, including those importing electricity, to monitor and report their emissions.

Importers will be required to buy digital certificates representing the tonnage of carbon dioxide emissions embedded in the goods they import.

 

 

 

Discussions
Matt Chester's picture
Matt Chester on Jul 19, 2021

"We won't be Uncle Sucker"

 

That's not a winner of a quote, but it is a winner of an idea and I'm glad to see progress on the idea

Charley Rattan's picture
Thank Charley for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »