RSS feedsPowerful emerging market economies could be hit by a proposed EU carbon tax on imported goods.
The proposal has created huge divisions within the EU. Trade Commissioner Peter Mandelson said the proposal could fall foul of the World Trade Organisation. Stavros Dimas, the Environment Commissioner is working hard to push the policy through
Europe is committed to reducing emissions by 20% by 2020, but the EU Trade Commissioner's office said introducing a carbon tax on imports would be 'too complicated' and would create problems with countries such as the US, which had not signed the Kyoto Protocol on climate change.
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