Carbon border fees: EU eyes new ways to cut emissions for imports (source: World Economic Forum)

"The European Union’s plan to impose carbon border fees on polluting imported goods would initially apply to steel, cement and electricity ... The policy, which the Commission will propose next summer, aims to protect EU industry from being undercut by cheaper imports from countries with less stringent climate policies."

Read more https://www.weforum.org/agenda/2020/11/european-union-carbon-border-fees-plan/