U.S.-EU Metals’ Plan Touted As Basis For Carbon Border Adjustment

Environmentalists are praising the United States’ and European Union’s recently announced plan for factoring in the carbon content of aluminum and steel in a trade agreement, saying it could be the basis for global carbon border adjustments that are crucial to decarbonizing energy-intensive industries and achieving net-zero emissions by 2050. The U.S-EU agreement, formally announced Oct. 31, marks a significant win for the Biden administration and its sweeping climate agenda, setting the tone for global climate talks kicking off this...