Britain's former trade secretary calls for carbon border tax
- 4 years ago
Britain’s former trade minister Liam Fox has called for a carbon border tax to help protect businesses against cheaper imports from countries with less strict climate policies.
"I hope the government will bring forward concrete plans to create a workable proposal on this as soon as possible," he told Reuters.
Fox, trade minister from 2016-2019, was speaking ahead of a meeting of the world's seven largest advanced economies in Britain next month and will outline his tax proposal in a speech to the Centre for Policy Studies on Thursday.
"For UK and European business, there is an increasing view that the carbon price is now so high it is making them uncompetitive in a global context," he said.
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