Bloomberg News reported today:
French President Francois Hollande said Europe should consider introducing a carbon tax on imported goods from regions without climate protection policies, reviving an idea mooted more than three years ago.
Hollande’s move to protect industry may be sound, Daniel Rossetto, managing director of Climate Mundial Ltd. in London, said today by telephone. “But as we’ve seen with aviation, it can get hostile and lead to threats to export markets,” he said.
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