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UK Steel Industry Exposed to EU Carbon Levy Proposals

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EU proposals that target products with high carbon inputs would have a disproportionate impact on exports of the crisis-hit British steel industry, potentially impacting sites in Wales, the North East, Humberside and Yorkshire.

The claim was made in a Chatham House study analysed by the European Scrutiny Committee as part of its regular scrutiny of new and proposed EU legislation examining how it could affect the UK.

The levy, known as the Carbon Border Adjustment Mechanism, applies a charge on the import of certain products depending on how much carbon dioxide was emitted during production.

The charge will be equal to that levied on EU manufacturers of the same products through the block’s domestic Carbon Trading System.

UK goods already face a charge under the UK’s own emissions trading system and so would not be charged again, however a large amount of bureaucracy will be involved, proving how much carbon was emitted during production and providing evidence that a charge had been paid.

Although an agreement was reached between both parties on considering linking their emissions trading schemes as part of the UK/EU Trade and Cooperation Agreement signed in December 2020, little more has been heard since. MPs on the European Scrutiny Committee have demanded clarity from the UK Government on the progress of talks.

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.

 

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