EU official: Carbon border measure likely to focus first on electricity, steel

The European Union’s carbon border adjustment mechanism will first apply to just a handful of sectors, a European trade official said on Wednesday, citing electricity, cement, steel and fertilizers as likely options -- sectors under review in an EU impact assessment. The EU has said the mechanism, which the European Commission is expected to unveil next month, will be World Trade Organization-compliant. Madelaine Tuininga, the head of unit for sustainable development and the European Green Deal at the Commission’s Directorate...