“At the global level, currently only 22% of carbon is being priced, which is really insufficient,” says climate change strategist Lucian Peppelenbos. “And the average global price of about USD 2/t CO2e is nowhere close to being serious.”
Timothy Hamilton via The Conversation | The European Union is considering a new tax on imports as it tries to fight climate change, and the U.S. is raising concerns about it. At issue is what’s known as a border adjustment carbon tax. The tax is designed to level the playing field for European companies by holding imports responsible for their greenhouse gas emissions the same way domestically produced products are.