Legal Experts See ‘Effective’ Pricing As Route To Border Carbon Policy

Legal experts are highlighting analysis claiming that border carbon policies that credit “effective” rather than “explicit” carbon prices are a way to maximize international cooperation on a climate-focused trade policy, even as they acknowledge little likelihood of major agreements by the U.S. and other nations this year on such programs. Discussion of the issue during a Feb. 6 event hosted by the Environmental Law Institute (ELI) cast some doubt on the notion that countries would widely embrace policy designs like...