• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

EU introduces new tax to push for global carbon pricing

2 years ago
in Business, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

EU introduces new tax to push for global carbon pricing

The European Parliament has now approved legislation to phase in a levy on high-carbon imports based on the CO2 emitted in producing them.

As Statista’s Martin Armstrong notes, the law is a world-first and awaits final approval from EU countries – expected within a few weeks.

The tax aims to put pressure on countries outside of EU borders to put a price on CO2 emissions – while also countering the benefits to EU industries relocating to regions with weaker environmental laws.

As reported by the Wall Street Journal:

“The tax gives credit to countries that put a price on carbon, allowing importers of goods from those countries to deduct payments made for overseas emissions from the amount owed at the EU’s borders.”

If we take into account the size of the population, China emits 2 times more carbon dioxide per capita than the world average, the EU 1.5 times more and the United States 3 times more.

RelatedPosts

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

2025 Study: Where High Earners Keep Most of Their Money 

GoldBod Introduces Special Bonus for Licensed Miners

But these figures do not account for emissions associated with imported goods and services, for which much of the production (and carbon footprint) is located in manufacturing countries that still rely heavily on fossil fuels.

When including the impact of products that are used locally but manufactured abroad, the carbon footprint per capita in the EU is higher than in China: 11 tons of CO2 equivalent per year compared to 8.

The figure for the United States is 21 tons.

Source: oilprice
Tags: EUEU introduces new tax to push for global carbon pricingglobal carbon pricing
No Result
View All Result

Highlights

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

BoG Reiterates Warning Against Unauthorised Foreign Exchange Transactions

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Trending

Business

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

August 27, 2025

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability The Ministry of Finance has underscored...

2025 Study: Where High Earners Keep Most of Their Money 

August 27, 2025

GoldBod Introduces Special Bonus for Licensed Miners

August 27, 2025

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

August 27, 2025

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.