Energy Security Day: UK plans green import taxes in net zero push

The government is reportedly considering new carbon border taxes to protect domestic industries from polluting imports

The government will reportedly unveil new proposals on “Energy Security Day” to hit net zero by 2050.

ELN understands that Energy Secretary Grant Shapps will announce a consultation on a new system of “carbon border taxes” to protect UK manufacturers from countries with lax environmental rules.

The carbon border taxes will initially target energy-intensive products and hydrogen from non-EU countries.

The plan is expected to ensure a “level playing field” for domestic producers and encourage other countries to switch to renewables.

The government will also offer grants worth hundreds of pounds to middle-income households to make their homes more energy efficient under the new “Great British insulation scheme”.

Make sure you check out the latest Net Hero Podcast episode:

Latest Podcast