A club of nations that imposed tariffs on imports from high emission countries would put the global effort to combat climate change on a more promising track.
Next year will mark a decade since diplomats gathered in Paris, promising to cut the greenhouse gas emissions relentlessly warming the atmosphere. The resulting national policies bent the emissions curve substantially —— more than 90 percent of the worldwide increase. India contributed another large chunk. Fortunately, there were emissions reductions elsewhere, mostly among richer nations with more developed clean energy technology.
If they harmonized their policies, instead, creating a carbon club in which they shared subsidies and other goodies, and set levies based on the carbon content in critical industries — taxing both imports and domestic products from high-emission producers — they would protect their local industry from dirtier competitors abroad. They would also provide high-emitting nations, such as China, with a powerful incentive to clean up their own production.
The idea of using tariffs as part of the decarbonization tool kit is catching on. Several Democrats have put forward bills that aim to replicate Europe’s CBAM. President Biden has floated the idea of a clean steel and aluminum club with the E.U. and Group of Seven countries, including tariffs on imports from high-emission sources. In 2022, the G-7 countries agreed to explore a carbon club — which could include such levies to encourage progress., starting with the United States and E.U.
Unfortunately the G-7 has made little discernible progress on its plan. And in the United States the idea risks foundering against Republican opposition tolimited to imports, such a discriminatory policy would likely run into legal trouble at the World Trade Organization, and invite retaliation. Still, addressing climate change requires more aggressive progress from the big emitters outside the club of the rich. And they are not moving fast enough. In 2023 ChinaIf China faced penalties, as well as incentives to clean up, this picture would change more quickly. No one wants to be banned from the clubhouse.GOP Senate candidate in Montana builds campaign on once-secret Navy exploits
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSO: One dead, one injured, one detained after two separate Tuesday night shootings in JacksonvilleThe man in his late teens/early 20s was found with multiple gunshot wounds when officers responded, according to Jacksonville police, as another man was detained.
Read more »
Voluntary Market Carbon Pricing — ExplainedCompanies that aim for carbon neutrality but can't stop their carbon pollution right away can buy carbon credits through a voluntary carbon market.
Read more »
Handful of producers churn out 80% of post-Paris emissionsThe updated Carbon Majors database shows key trends in post-Paris carbon dioxide emissions.
Read more »
Scientists discover methods to regulate carbon storage in humus layer of forest in north ChinaIt is estimated that 30% of the world's terrestrial carbon stocks are found in the boreal forest, 60% of which is below ground. Organic soil horizons contain about one-third of the soil carbon. Therefore, the stability of boreal soils is critical to understanding global carbon cycle feedbacks to climate change and soil management.
Read more »
Satellite data unlocks drought impact on southwest China's carbon cycleOver the past four decades, Southwest China has been a major carbon sink, significantly mitigating anthropogenic CO2 emissions. However, recent severe droughts, especially from 2009 to 2013 and in 2022, have drastically reduced its carbon absorption capacity by affecting vegetation and biomass.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »