Policy

UK to introduce carbon tax on imported hydrogen, fertiliser and steel from 2027

The Carbon Border Adjustment Mechanism will be similar to the one being implemented in the EU

UK chancellor of the exchequer Jeremy Hunt.
UK chancellor of the exchequer Jeremy Hunt.Photo: Kirsty O'Connor/HM Treasury
UKCBAMfertiliserSteelDirect reduced iron
Published 18 December 2023, 14:48Updated 18 December 2023, 14:48