Study advises CO2 charge on steel imports

Import and consumption charges are the best options for cutting steel's emissions while protecting it from carbon leakage after 2020, according to research commissioned by industry and governments

Steel import and consumption charges offer the best policy options for cutting the sector’s emissions while protecting it from carbon leakage after 2020, according to research commissioned by industry and member states.

The EU should consider a steel consumption charge, similar to taxation of alcohol or tobacco, to reflect the sector’s climate impact, said think tank Climate Strategies. The revenues could be used to support climate action.

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