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Three Reasons to Be Very Skeptical of U.S. “Carbon Tariffs”
23/06/2023
Senators Christopher Coons (D‑DE) and Kevin Cramer (R‑ND) introduced a bill, the PROVE IT Act, on June 7, 2022, that lays the groundwork for a carbon tariff. A carbon tariff is a tax on imports based on their carbon intensity, a measure of carbon dioxide and other greenhouse gases (GHGs) per unit of activity (e.g. manufacturing).
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