the visible hand

it is the theory which decides what can be observed – einstein

EU ministers wary of carbon tariffs

Posted by ecoshift on February 12, 2008

FT.com / Europe / Brussels – EU ministers wary of carbon tariffs
By Tony Barber in Brussels
Published: February 12 2008 17:54

European Union finance ministers on Tuesday stopped short of threatening carbon tariffs to defend domestic companies supposedly vulnerable to rivals in countries with lower environmental standards.

After a discussion of the financial and economic impact of the EU’s climate change policies, ministers said they would consider “any necessary measures” to assist European industry, but did not specifically ­mention special import taxes or quotas.

Diplomats said the vague language reflected a compromise between a French-led camp of EU countries that have identified potential risks to European industry, and the UK and others that are wary of a lurch into ­protectionism.

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