Politics
EU-U.S. Carbon Tax Proposed by German Greens to Restore Alliance
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Photographer: Krisztian Bocsi/Bloomberg
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Europe and the U.S. should jointly adopt a carbon tax on imports as a means to promote low-emission production globally, according to the leaders of Germany’s Greens, the country’s No. 2 political force.
The European Union is drafting a law, to be unveiled by June, that would start penalizing imports of certain goods from countries with weak pollution rules, thereby helping protect the competitiveness of local producers abiding by stricter standards.