[ad_1]
Despite an environment ripe for cooperation and collaboration on climate policy, the European Union has gone ahead with its carbon border adjustment mechanism, or CBAM, on its own. Instead, the EU should step back and work with the U.S. and other allies to develop a trade-centered approach that rewards high environmental performance and holds the world’s polluters accountable.
In 2021, I led a cohort of my conservative colleagues in urging the Biden administration to oppose the EU’s unilateral implementation of a CBAM and support an alliance of developed countries on climate and trade policies. Rather than pitting responsible countries against one another, these policies should target the largest greenhouse-gas emitters. Sen. Chris Coons (D., Del.) and I raised this issue again in the spring as we pleaded with President Biden to work with European Commission President Ursula von der Leyen to consider trade policies that reduce global emissions and strengthen geopolitical alliances.
[ad_2]
Source link
(This article is generated through the syndicated feeds, Financetin doesn’t own any part of this article)
