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Germany takes carbon border tax on board
By EUobserver
France has persuaded Germany to examine a European carbon border tax, protecting companies investing in green technology from emission-intensive competition from abroad, Reuters reported. The German and French finance and economy ministers backed the idea on Thursday in a joint statement. Germany has so far been reluctant, fearing escalating trade tensions with the US. France aims to protect companies that support carbon-reduction efforts against unfair competition with big polluters.