European Union is analyzing a potential carbon fee on imports from several sectors, including steel, cement and paper, according to Sabine Weyand, director general for trade at the European Commission.

The European Union has laid out options for designing its plan to impose charges on imports of some goods to try to protect EU industry from being undercut by countries with weaker climate policies.

The anti-climate-dumping tool – still under design – would slap additional levies on imported goods that are manufactured in an unsustainable way, in order to boost domestic production and give offshore industries an incentive to go green.

While border adjustments alleviate economic pressure on polluting industries, at least in the near term, they transfer that pressure onto consumers.

Vietnam has been implementing carbon pricing strategy for lowering greenhouse gas emissions by participating the World Bank’s program “Partnership for Market Readiness”.

A tipping point has been reached as investment in renewables technology gathers pace

The European Central Bank (ECB) has confirmed it is reviewing options to combat climate change as part of its operations