Morning Brief: Yellen pitches nuanced carbon border programs

July 9, 2021
Treasury Secretary Janet Yellen is urging her counterparts in other countries, most prominently in Europe, to design carbon border taxes in a way that accounts for the greenhouse gas performance of a trading partner’s policies, rather than requiring that country to have an explicit carbon pricing program to avoid the border taxes. “It's important that any carbon border adjustment system focus on the degree to which a country's climate policies reduce emissions, and hence carbon content, rather than focus only...


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