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Carbon border tariff needed to keep energy-intensive industry in EU, lead lawmaker says after key vote

By Stefano Porciello ( April 18, 2023, 15:22 GMT | Insight) -- A carbon border tariff is needed to keep heavy and energy-intensive industries such as chemicals in Europe, said EU lawmaker Mohammed Chahim. The European Parliament approved today the final version of the Carbon Border Adjustment Mechanism, which will require importers of iron, steel, cement, aluminum, fertilizers, electricity and hydrogen to cover the price of these products under bloc's emissions trading rules.A carbon border tariff is needed to keep heavy and energy-intensive industries such as chemicals in Europe, said Mohammed Chahim, the lead EU lawmaker on the file....

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