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I think we also need trade agreements to consider carbon tax, otherwise you would have unfair competition.
by whazor 5y ago
I think we also need trade agreements to consider carbon tax, otherwise you would have unfair competition.
- angry_octet 5y agoThe current systmt is really distorted. Coal from Germany/Australia/US is taxed differently to coal from China/Indonesia. Products made from brown coal energy in China are untaxed. Chinese steel production using coal from Australia results in Australia having a carbon debt, but not China. If a ship is made with Chinese steel, no tax. Made with American/EU steel? Taxes. If a ship burns the filthiest high sulphur bunker oil then it pays no more tax than a sail boat. We can't fix climate change with exceptions for everyone.
- thinkcontext 5y agoA carbon border price was in Biden's campaign platform and it would be one of the best political moves he could make. US industry has a big advantage in carbon intensity over China, so a price would advantage domestic industry and at the same time put pressure on China to clean up faster. Both of these are big political problems for Biden.