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Carbon Tariff

Sunday, 22 March 2009

Energy Secretary Steven Chu said he would consider a carbon tariff imposed on countries that do not reduce carbon emissions. "If other countries don't impose a cost on carbon, then we will be at a disadvantage," Chu said.

Energy Chief Says U.S. Is Open to Carbon Tariff (Wall Street Journal)

WASHINGTON -- Energy Secretary Steven Chu on Tuesday advocated adjusting trade duties as a "weapon" to protect U.S. manufacturing, just a day after one of China's top climate envoys warned of a trade war if developed countries impose tariffs on carbon-intensive imports.

Mr. Chu, speaking before a House science panel, said establishing a carbon tariff would help "level the playing field" if other countries haven't imposed greenhouse-gas-reduction mandates similar to the one President Barack Obama plans to implement over the next couple of years. It is the first time the Obama administration has made public its view on the issue. ...

Energy Secretary Chu Suggests Carbon Tariff (Environmentalleader.com)

Chu made the announcement one day after one of China’s top climate envoys, Li Gao, told the Dow Jones Newswires, that a carbon tariff on carbon-intensive imports would provoke a trade war and wouldn’t be legal under World Trade Organization agreements. Gao said that consuming nations should pay for carbon emissions in China.

China’s Xie Calls U.S. Tariff Threat on Climate ‘Protectionism’ (Bloomberg.com)

March 18 (Bloomberg) -- China’s top negotiator on climate change said a U.S. proposal to impose duties on imports with countries that don’t try to limit their carbon emissions was “an excuse to impose trade restrictions.”

Xie Zhenhua, the vice chairman of China’s National Development and Reform Commission, said he was “absolutely opposed” to a comment by Energy Secretary Steven Chu yesterday that tariffs should be considered “in order to protect American industries.” Chu, speaking before a congressional panel, said the duties would prevent U.S. companies from being at a disadvantage in competition with China and India. ...

Carbon tariff on China possible to curb pollution (TheStar.com)

Charge could force developing countries to address greenhouse gas emissions

Countries such as Canada and the United States may start imposing a "carbon tariff" on goods from China and other developing countries which have become the biggest contributors to global greenhouse-gas emissions, CIBC World Markets said Thursday. ...

Imposing Carbon Tariff On Chinese Goods Disastrous

Unilateral decisions by Western countries to impose carbon tariffs on China could lead to disastrous consequences. According to a report published investment bank CIBC World Markets, US and Canada are considering carbon tax on Chinese made goods in an effort to force China to curtail its growing emissions. ...

EU Ponders Carbon Tariff on Imports (BusinessWeek)

Brussels considers a policy to charge companies that import goods into Europe for the CO2 they emitted during production

European Union leaders strive to portray themselves as being on the front line of global efforts to combat climate change. They boast that the EU has agreed to cut emissions 20 percent below 1990 levels by 2020, well beyond the requirements of the Kyoto Protocol. And both the United Kingdom and Germany recently announced plans to expand their commitment to renewable energy. Their strategy, it seemed, was to lead by example. ...

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