Brussels—Electricity imports to the EU should be subject to planned carbon border financial adjustments to ensure fair international competition as the EU seeks to become climate-neutral by 2050, EU economy commissioner Paolo Gentiloni said Thursday. The EU currently imports electricity from non-EU countries such as Ukraine, Russia and Serbia, and now also the UK as a newly non-EU country. "We will put a carbon price on imports to deter polluting processes from shifting elsewhere, and to prevent polluting products from flooding the market," Gentiloni told a tax event in Brussels hosted by the EPC thinktank.
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