The U.S. should get behind Europe’s Carbon Border Adjustment Mechanism (CBAM), says Joseph Majkut at the Center for Strategic and International Studies. Under the EU’s newest agreement, anyone importing CBAM-listed goods into Europe will have to report the emissions associated with their products starting in October, and ultimately face tariffs if those emissions exceed those of the equivalent products made in the EU. The current list is iron and … [Read more...]
COP26: a strategy for tackling “imported deforestation”
Palm oil, beef, cocoa, coffee, soy, and other agricultural products are responsible for deforestation in the producing countries. Of the 10m hectares of tropical forest lost each year, two-thirds can be unambiguously attributed to agricultural expansion and international trade is responsible for about half of this. The EC is due in December to unveil a legislative proposal to address the issue. Alain Karsenty and Nicolas Picard, writing for IFRI, … [Read more...]
