UK HM Treasury announced on 18 December 2023 that the UK is planning to implement a new import carbon pricing mechanism by 2027. --- New UK levy to level carbon pricing The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive. imports of iron, steel, aluminium, ceramics and cement from overseas will face a comparable carbon price to those goods produced in the UK reduces the risk of 'carbon leakage', avoiding emissions being displaced to other countries because they have a lower or no carbon price Goods imported into the UK from...