EU to Slap Carbon Tax on Australian Exports

A general view of Liddell power station in Muswellbrook, in the NSW Hunter Valley region on April 22, 2018. AAP Image/Dan Himbrechts

The United Kingdom and the European Union (EU) may soon hit Australian exports with carbon tax policies designed to compel European trading partners to reduce emissions.

On March 10, Members of the European Parliament adopted a resolution to support a carbon tax, otherwise called the “carbon border adjustment mechanism” (CBAM).