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UK to Launch Carbon Border Tax in 2027

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The UK government said it will introduce a carbon tax from 2027 on various imported goods-including cement, glass and steel-from countries that have weaker carbon pricing than the UK. The government did not specify the level of the "carbon border adjustment mechanism," but it said it will be based on a comparison ofthe carbon footprints of imports and similar goods made in the UK. The EU and the US have both previously announced plans to introduce similar carbon border tax levies.

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