The US Wants the EU to Delay Imposing Trade Penalties on Carbon-Intensive Imports, But Is Considering Imposing Its Own
A story in Inside Climate News quotes Senior Fellow Carolyn Fischer's expertise on border carbon adjustments in the EU.
" But the idea of border carbon adjustments did not have momentum until nations faced the combined pressure of deteriorating trade relationships, the economic shock of Covid-19 and the imperative for deep decarbonization...
'The EU has actually come to this with a lot of hesitation,' said Carolyn Fischer, an economist and senior fellow with the Washington, D.C.-based think tank, Resources for the Future. 'But they’re coming to realize that with their very ambitious targets… to maintain a level playing field, they are finally looking more toward border carbon adjustments, at least for a few important sectors.'"
