Taxing carbon at the border could be protectionism in disguise
PARIS: Of the many ways considered by the Western governments to fight climate change, perhaps the most troublesome is raising a tariff wall in the name of clean environment. One month after France and Italy called for implementation of a carbon tax at European borders, two US senators unveiled the American Power Act, which would arm the United States with the same adjustment mechanism. In the event no global agreement on climate change is reached by 2019, the US bill would phase in a border tax on imports from countries that have not taken action to limit emissions.
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