European Union countries on Tuesday backed the bloc's plan to impose a world-first carbon dioxide emissions tariff on imports of polluting goods, although the finer details will need to be worked out in upcoming negotiations.
The EU wants to introduce CO2 emissions costs from 2026 on imports of steel, cement, fertilisers, aluminium and electricity -- a move aimed at protecting European industry from being undercut by cheaper goods made in countries with weaker environmental rules.
France, which currently chairs meetings of EU ministers, has long supported the levy and prioritised a swift deal on it. European parliament plans to confirm its position by July, meaning negotiations between parliament and EU countries on the final rules could begin after summer.
Guest post from Reuters