Financial Times FT.com

Climate change

EU turns away from carbon tax on imports

By Andrew Bounds in Brussels

Published: November 25 2007 22:07 | Last updated: November 25 2007 22:07

The European Union is backing away from plans for a “carbon” tax on energy-­intensive imports from countries that it considers are not fighting climate change, and instead will push for voluntary global industry-wide agreements.

Günter Verheugen, enterprise commissioner, will in a speech on Tuesday publicly back sectoral agreements that set benchmarks to cut energy use, such as that recently agreed by the steel industry.

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