May 26, 2021
Boris Johnson should introduce a “carbon border tax” to protect British firms from polluting competitors like China, former international trade secretary Liam Fox has urged.
PM Urged To Back ‘Carbon Border Tax’ To Protect UK Firms From China
The intervention by right-winger Fox has boosted hopes among environmentalists that a growing Tory consensus will persuade the prime minister to push the plan ahead of the UK’s chairing of the COP26 climate talks this year.
The Treasury and the Department for Business are currently working on the detail of the border tax, which would slap an extra tariff on imports produced in countries with high greenhouse gas emissions, and insiders have told HuffPost UK the PM is “very open” to the idea.
Asked about the proposal on Thursday, the prime minister’s official spokesperson said: “That’s one issue that BEIS [the Department for Business, Energy, Innovation and Skills] are looking into, and are focused on.”
Fox, a traditional Thatcherite, will be joined by Johnson’s father Stanley, a long-time green campaigner, as he makes a speech calling for the new move at the Centre for Policy Studies think tank on Thursday.
US climate envoy John Kerry has recently said that Joe Biden is “interested in evaluating the border adjustment mechanism” and the EU is already planning a carbon tax of its own on imports.
With the UK set to chair the G7 summit of leading industrial nations this summer as well as the climate talks in Glasgow in November, Fox said this was an “opportunity not simply to chair but to lead”.
“There is no point in damaging the competitiveness of economies such as the UK while other countries maintain their competitive edge at a cost to the global climate,” he said.Britain has a statutory target of reaching net zero emissions by 2050 and last week launched a domestic emissions trading system charging power plants, factories, and airlines for each tonne of carbon dioxide they emit.
But both the UK’s and the EU’s strong commitment to cutting greenhouse gases have led to a spike in the ‘carbon price’ of their respective emissions trading schemes, leaving their firms paying more than in other states.
Countries like China and India fear a border tax would simply be a way for richer nations to try to keep out their goods.
But Fox said that the UK could ally with America and Europe to devise a system that would help the planet while protecting poorer nations.
The impact on developing countries could be offset by Britain using its aid budget to invest in green energy projects, he said.
“As a passionate free-trader, I have wrestled with the wider consequences of following a carbon border tax policy. But, as I often repeated as International Trade Secretary, free trade does not mean a free-for-all,” Fox said.
He added: “China is likely to comply with a carbon border tax, however unwillingly, especially if there is close cooperation and coordination among those western nations applying it.”Related...Does Rishi Sunak Want To Save The Planet?Labour Plans Vote On Joe Biden's Global Corporation Tax Rate PlanWhite House Throws Subtlest Of Shade At Donald Trump
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Adam McKay Reveals What ENDED His Friendship With Will Ferrell | Daily Pop | E! News
December 07, 2021
vZGkDjtPQUU
Drake Withdraws From 2022 Grammy Awards | E! News
December 06, 2021
cOQCUuo0-O4
"Vanderpump's" Raquel MOVES OUT After Breakup With James | E! News
December 06, 2021
VTCwiAgx5GM
Nick Cannon’s Youngest Child, Zen, Dies from Brain Tumor | TMZ
December 07, 2021
z-R_BTwg_GA
Elon Musk Declared Greatest Gamer But Lousy Boyfriend in New Grimes Song | TMZ TV
December 07, 2021
9Zak2eWfKKA
LIL UZI VERT RENTS NICKELODEON STUDIOS PARK ... For GF Birthday | TMZ TV
December 07, 2021
y0sQD5E8r_k
Why Bravo didn’t film Teresa Giudice and Luis Ruelas’ engagement party | Page Six
December 07, 2021
yip0fdP_dIg
John Goodman continues to show off 200-pound weight loss | Page Six
December 07, 2021
sfktyh8VIYs
Dorit Kemsley’s husband, PK Kemsley, arrested for DUI | Page Six
December 07, 2021
R3xg0lzwrnI
'Flee' Director Jonas Poher Rasmussen on How Animation Made it Easier to Revive the Past in his Film
December 07, 2021
o6R6N_vTjaY
BTS Sends a Heartfelt Message Via Video At Variety Hitmakers
December 06, 2021
4XBexjgWaxQ
VIP+ Exchange: The Future of Addressable Advertising
December 02, 2021
la03aixkBq0
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
19
Nov
ASIAN CHAMPIONS LEAGUE: Group H
Sydney FC - Shanghai SIPG
17
Nov
UEFA NATIONS LEAGUE A: Group Stage
Spain - Germany
14
Nov
UEFA NATIONS LEAGUE A: Group Stage
Germany - Ukraine
08
Nov
ENGLAND: Premier League
Manchester City - Liverpool
08
Nov
ENGLAND: Premier League
Arsenal - Aston Villa
08
Nov
SPAIN: La Liga
Valencia - Real Madrid
08
Nov
ITALY: Serie A
AC Milan - Verona
08
Nov
ENGLAND: Premier League
West Bromwich Albion - Tottenham Hotspur
08
Nov
ITALY: Serie A
Bologna - Napoli
08
Nov
ITALY: Serie A
Genoa - Roma
08
Nov
ITALY: Serie A
Atalanta - Inter Milan
08
Nov
ITALY: Serie A
Lazio - Juventus
08
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Borussia Monchengladbach
08
Nov
ENGLAND: Premier League
Leicester City - Wolves
08
Nov
GERMANY: Bundesliga
Wolfsburg - Hoffenheim
08
Nov
SPAIN: La Liga
Real Valladolid - Athletic Bilbao
08
Nov
SPAIN: La Liga
Levante - Alaves
08
Nov
SPAIN: La Liga
Real Sociedad - Granada CF
08
Nov
ITALY: Serie A
Torino - Crotone
08
Nov
SPAIN: La Liga
Getafe - Villarreal
07
Nov
GERMANY: Bundesliga
Borussia Dortmund - Bayern Munich
07
Nov
ENGLAND: Premier League
Everton - Manchester United
07
Nov
ENGLAND: Premier League
Chelsea - Sheffield United
07
Nov
SPAIN: La Liga
Atletico Madrid - Cadiz
07
Nov
SPAIN: La Liga
Barcelona - Real Betis
07
Nov
GERMANY: Bundesliga
Augsburg - Hertha Berlin
07
Nov
GERMANY: Bundesliga
Stuttgart - Eintracht Frankfurt
07
Nov
GERMANY: Bundesliga
RB Leipzig - SC Freiburg
07
Nov
ENGLAND: Championship
Rotherham - Preston NE
07
Nov
ITALY: Serie A
Parma - Fiorentina
07
Nov
ENGLAND: Championship
Watford - Coventry
07
Nov
ENGLAND: Championship
Norwich City - Swansea City
07
Nov
ENGLAND: Championship
Blackburn - QPR
07
Nov
ENGLAND: Championship
Derby County - Barnsley
07
Nov
ENGLAND: Championship
Huddersfield - Luton
07
Nov
ENGLAND: Championship
Nottingham Forest - Wycombe Wanderers
07
Nov
ENGLAND: Premier League
West Ham United - Fulham
07
Nov
ENGLAND: Championship
Sheffield Wednesday - Millwall
07
Nov
ENGLAND: Championship
Brentford - Middlesbrough
07
Nov
ENGLAND: Championship
Birmingham - Bournemouth
07
Nov
SPAIN: La Liga
Sevilla - Osasuna
07
Nov
ITALY: Serie A
Benevento - Spezia
07
Nov
ENGLAND: Premier League
Crystal Palace - Leeds
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Ferencvaros - Juventus
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Barcelona - Dynamo K.
03
Nov
CHAMPIONS LEAGUE: Group stage, Group A
Salzburg - Bayern Munich
03
Nov
CHAMPIONS LEAGUE: Group stage, Group D
Atalanta - Liverpool
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.