What is the name of the carbon tax on steel and aluminum imports that the UK intends to impose starting in 2027?
Carbon Border Tax
2023 December
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The Carbon Border Tax is a carbon tax that the UK intends to impose on imports of carbon-intensive materials starting in 2027. It will cover materials like cement, ceramics, steel, iron, and aluminum. The difference between UK carbon prices and the carbon emissions resulting from the importation of goods will determine the tax rate. Such green border levies as non-tariff barriers are opposed by India. The EU, which has already implemented its Carbon Border Adjustment Mechanism, is the model that the UK is following.