A carbon tax could give U.S. steel makers and other industries a leg up on foreign imports—if combined with a border tariff on more carbon-intensive imports from China and other countries, the Climate Leadership Council said in a report today. U.S. steel and other heavy industries enjoy a “carbon efficiency advantage” over many competitors, including steel from China...
Governments in the U.S., Europe and other developed nations are embarking on a climate-change experiment: using tariffs on trade to cut carbon emissions. The idea has the potential to rewrite the rules of global commerce. Policy makers on both sides of the Atlantic are looking at targeting steel, chemicals and cement. The tariffs would give a competitive advantage to...
Where and how goods are made has a huge impact on how much carbon dioxide is released into the atmosphere during their manufacture. Most climate policies around the world have focused on each country reducing the emissions produced within its borders. But the emissions that were released in other countries to produce the goods and services we consume at home are just...