UK plans to implement carbon tax on imported goods like steel from 2027, a year after EU's proposals

The British government has announced plans to charge a carbon levy on imported raw materials such as aluminum, iron, steel and cement from 2027, in an attempt to prevent firms being undercut by overseas producers. However, the plan has come under criticism from the body representing British steel as being too sluggish, as it will come into effect one year after similar proposals from the European Union are implemented. For years, fears have been expressed that efforts to cut greenhouse gases in the U.K. are not being matched overseas, meaning that emissions are just being displaced to other countries without ambitious net-zero targets, leading to little global benefit.