Australia To Consider Tariffs On Carbon-Intensive Imports

Australia will launch a review into whether to impose tariffs on carbon-intensive imports such as cement, steel, and aluminum, under a plan for a carbon border adjustment mechanism similar to the one the EU prepares to launch in the middle of this decade.   Australia’s federal government will launch a review of whether a carbon border adjustment mechanism (CBAM), or other carbon leakage policy options, are right for Australia, Chris Bowen, Australia’s Minister for Climate Change and Energy, said in a speech to Australian Business…