“We need to impose a carbon tax at [Europe’s] borders. I will lead that battle.” – FT.com
Well, would’nt that change the whole scenario. Most of the imports will come from countries like China, India and others who do not have a carbon tax.
This will be interesting. The same is being discussed in Australia but mostly the steel and other industries who want this may get a concession in the tax which in the end defeats the purpose of the emission trading scheme.
India, China will not talk about a carbon tax for a decade atleast.
Will the WTO interfere?