Chamber Backs ‘Market-Based’ Climate Steps But Omits Policy Details

In a statement released to coincide with the start of the Biden administration, the U.S. Chamber of Commerce is endorsing “market-based” approaches to a climate change policy approved by Congress, while indirectly acknowledging divisions within the business community by failing to offer specific policy options. “This statement reflects the overall consensus of the Chamber’s membership that Congress should pursue market-based solutions to accelerate emissions reductions,” the business group said in a Jan. 20 update to its climate change “principles.” The...