Economy
March 2, 2021
Trade Groups Warming to the Idea of a Carbon Border Tax
Written by Tim Triplett
How close is the United States to adopting some form of carbon border tax to address climate change? What seemed highly unlikely one administration ago is now even supported by the likes of the trade groups representing the American oil and steel industries.
The Wall Street Journal reported this week that the powerful American Petroleum Institute is “poised to embrace putting a price on carbon emissions,” a reversal of the API’s past position.
