Bowen considers import carbon tariff

Original article by Peter Ker
The Australian Financial Review – Page: 5 : 11-Jan-23

Climate Change and Energy Minister Chris Bowen says the federal government may be open to implementing a Carbon Border Adjustment Scheme along the lines of the one that will be introduced by the European Commission. Bowen says it is the right time for Australia to "cautiously" consider a tariff on imported products that have a large carbon footprint. However, such a scheme could potentially affect Australia’s key trading partners such as China, Japan and the US. Bowen says any decision on such a scheme will be not be made by July, when changes to the safeguard mechanism will take effect.

CORPORATES
AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER

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