Impose carbon border tax to protect British industry during switch to net zero, say business leaders. The report by Frontier Economics said a levy or other support would help industries ‘avoid being put at a competitive disadvantage’. The Government should introduce a carbon tax on imports to protect domestic companies that are subject to the UK’s “net zero” climate policies, a report backed by major UK manufacturers has said. A carbon import tax could prevent so-called “carbon leakage” – where Britain cuts pollution at home only to import more dirty goods instead as they are cheaper. It could also stop producers moving abroad. In its report published today, the consultancy Frontier Economics says the levy or other support, such as free carbon emission allowances, would help industries “avoid being put at a competitive disadvantage”.
Telegraph 9th Sept 2021 read more »
Senior cabinet ministers agreed the Government could drop key climate requirements from a draft UK-Australia trade agreement in order to get the deal “over the line”. A leaked email from a senior official in Government suggests Business Secretary Kwasi Kwarteng and International Trade Secretary Liz Truss agreed to remove references to the temperature goals set out in the Paris Agreement from the draft text, according to Sky News. The climate treaty contains binding commitments from nations to hold any temperature rise to well below 2C.
iNews 8th Sept 2021 read more »
Times 9th Sept 2021 read more »