UK HM Treasury announced on 18 December 2023 that the UK is planning to implement a new import carbon pricing mechanism by 2027.
---
New UK levy to level carbon pricing
The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive.
- imports of iron, steel, aluminium, ceramics and cement from overseas will face a comparable carbon price to those goods produced in the UK
- reduces the risk of 'carbon leakage', avoiding emissions being displaced to …