John Kerry, the president’s climate envoy.
Bloomberg News reported that White House climate envoy John Kerry said President Biden is evaluating whether to implement a border adjustment tax (BAT) that would target imports from countries with weaker climate policies.
Kerry, who also participated in a U.S.-sponsored online climate summit in the past two days, said in an interview with Bloomberg TV on the 23rd: “I understand that President Biden is particularly interested in evaluating a border adjustment mechanism. He wants to study the matter and find out if our country needs to implement it.”
World leaders are increasingly interested in the idea of a border adjustment tax, because the tax would both urge other countries to take action to reduce carbon emissions and protect labor in their energy-intensive industries and discourage companies from relocating factories to countries with less stringent environmental regulations.
Curry said, “Europe is already looking at this in depth, and if they are not satisfied with the progress of the transition of the coal industry in China and other countries, it will be put into effect.”
Last year Biden expressed support for a border carbon tax during his presidential campaign, British Prime Minister Johnson also urged the seven major industrial nations (G7) to legislate for a border carbon tax, and Canadian Prime Minister Justin Trudeau has proposed that the U.S. and Canada work together in this area.
The U.S. Trade Representative’s Office (USTR) said in March that it would study a border carbon tax to encourage global action against climate change and to protect domestic manufacturing.
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