September 20, 2021

Australia and Russia lead backlash to EU carbon tax

Australia had denounced EU plans to tax exporters of CO2-intense merchandise, similar to metal, so as to create a stage taking part in discipline for EU corporations certain by emissions guidelines. “The last thing the world now needs is extra protectionist policies being put in place,” Australian commerce minister Dan Tehan mentioned Wednesday. The EU carbon-tax would hit Russian merchandise price €6.4bn, together with iron ore, metal, aluminium, and pipes, Russia mentioned.

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