EU Promises To Ease Carbon Border Program’s Harms On U.S. Industry

European officials as part of a broader trade framework are pledging to ease harms from their carbon border program on small U.S. businesses, a move that runs counter to calls from a top Senate Democrat for the European Union to strictly enforce that program as a way to build support among domestic industry for tougher climate policies. However, the extent of the EU’s flexibility on its Carbon Border Adjustment Mechanism (CBAM) is not clear, even as observers say it represents...