Potential carbon tariffs have been an active topic at the United Nations climate conference that wraps up this weekend in Madrid, where nearly 200 nations have been at odds over how to counter the continued global rise of greenhouse gas emissions. And some diplomats say it’s inevitable that governments will turn to trade barriers in the effort to fight climate change. — Politico
Politico reports that as international cooperation toward achieving global carbon reduction goals falters in the face of a climate change-denying American presidential administration, European countries are considering implementing carbon tariffs on imported goods to force a change.
The United States recently moved to exit the landmark Paris Agreement.
Speaking to climate-denying countries in a statement to Politico, European Executive Vice President Frans Timmermans struck a combative tone, saying, "If you take the same, or comparable, measures there will be no need to correct anything at the border," adding, “If you don’t, then of course, at some point we will have to protect our industries.”
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