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EU's carbon border levy to mirror ETS 'as much as possible,' tax official says

By Giulia Bedini ( April 23, 2021, 16:12 GMT | Insight) -- EU importers of raw materials, such as steel and cement, will have to buy emission certificates from a pool that will be separate from, but should “mimic,” the EU’s Emissions Trading System “as much as possible,” under plans for a carbon border levy, an official has said. The measure will look at specific plants rather than companies as a whole, as well as importers and countries outside the bloc, said Vicente Hurtado Roa.EU importers of raw materials, such as steel and cement, will have to buy emission certificates from a pool that will be separate from, but should “mimic,” the EU’s Emissions Trading System “as much as possible,” under plans for a carbon border levy being prepared by the European Commission, an official has said....

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