Economy
Will Lead to Product Price Hikes: Europe Toughens Carbon Tax on Imports
European Parliament lawmakers voted to eliminate the ability to temporarily suspend carbon tax on imports in case of exceptional price spikes; instead, they propose compensating affected industries using tax revenues. But EU member states actually support keeping the emergency mechanism, and the gap is expected to be at the center of negotiations on the final text of the law.
· Source: Srugim. Photo as published in article
European Parliament lawmakers voted to eliminate the ability to temporarily suspend carbon tax on imports in case of exceptional price spikes; instead, they propose compensating affected industries using tax revenues. But EU member states actually support keeping the emergency mechanism, and the gap is expected to be at the center of negotiations on the final text of the law.
