Inside US Trade: “Whitehouse, DelBene Reintroduce Carbon Border Adjustment Bill”
RFF analysis is central in this exclusive story about a newly reintroduced border carbon adjustment proposal.
“According to an analysis by the think tank Resources for the Future, the Clean Competition Act would shift US imports away from countries with higher emissions, such as China, Mexico, and India, toward lower-emissions producers like the European Union, the United Kingdom, and Japan, while reducing global emissions, with the bulk of those reductions occurring in the US...
Though policy impacts in the real world might move at a different pace, the model captures the ‘pressures’ that would be put on different buyers and sellers throughout the economy, the report’s lead author, Kevin Rennert, an RFF fellow and former deputy associate administrator for the office of policy at the Environmental Protection Agency, said in an interview.
And it shows, Rennert said, that the legislation would set a ‘pathway to help the industrial sector reduce its carbon emissions over time.’”
