UK to Expand Carbon Border Tax to Refined Products
Britain plans to include refined products in its new carbon import levy starting in 2027. The expansion aims to prevent carbon leakage and protect domestic refineries.
The United Kingdom will expand its upcoming carbon import levy to include refined products, Treasury documents showed on Wednesday afternoon. The policy aims to protect domestic refiners from lower-cost foreign competition as environmental standards tighten. The move marks a significant broadening of the carbon border tax ahead of its scheduled 2027 rollout.
