Kerry says US examining carbon border tax, sees risks India Brazil South Africa China Brussels


Source: independent.co.uk independent.co.uk

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U.S. special envoy for climate John Kerry said Tuesday that Washington is looking into the possibility of introducing a fee on imports from countries that don't tax heavy polluters, but cautioned that such a move could carry risks “downstream.” Kerry said President Joe Biden had instructed U.S. officials to examine “play it out: what are the consequences, how do you do the pricing, what is the impact.” “But he wants to make sure we’ve thoroughly vetted it and thought about it as a matter of policy, particularly because our friends are doing so,” Kerry said. The European Union has indicated...