Contact us now for all your importing and exporting questions international@chamberelancs.co.uk 01254 356454.

The UK government has unveiled a series of environmental and energy security policies today (30 March), including a consultation that could lead to the introduction of a border tax on carbon intensive goods.

As part of its ‘Green Day’ announcements, a consultation on “addressing carbon leakage” at the UK border will cover potential policy areas such as introducing a ‘carbon border adjustment mechanism’ (CBAM), mandatory product standards and measures to help grow the market for low carbon products.

The consultation can be accessed here, and will close at 11:59 on June 2023.

Carbon border tax

Under a CBAM, additional taxes could be placed on imports of products that are made using highly polluting processes, partly to safeguard domestic industry from goods produced in countries with less stringent environmental standards.

The UK and EU are expected to increase coordination on their respective CBAMs, with the EU implementing its own CBAM from 23 October this year.

For more news, click here.