Sarkozy calls for carbon tax on imports

“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?

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