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EU's carbon border-tax plans neither 'punitive' nor 'money-making,' Commission official says

By Giulia Bedini ( October 26, 2020, 16:56 GMT | Insight) -- EU plans to introduce a carbon levy on polluting imports aren’t designed to punish trade partners or collect revenue, but rather to prevent companies from moving outside the bloc in order to profit from laxer environmental rules, a European Commission official said today. Anthony Agotha's comments came after former WTO judge Jennifer Hillman's warning that mounting rhetoric on the use of revenue from the planned "green tax" to pay for the bloc’s Covid-19 recovery package could trigger complaints against the EU.EU plans to introduce a carbon levy on polluting imports aren’t meant to punish trade partners or collect revenue, but rather to stop companies from moving outside the bloc in order to profit from laxer environmental rules, a European Commission official said today....

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