The U.S. is looking at potentially adding costs to imports from countries that don’t put heavy taxes on polluters, climate envoy John KerryJohn KerryOn The Money: Pent-up consumer demand fuels post-pandemic spending spree | Biden, Harris release 2020 tax returns OVERNIGHT ENERGY: IEA calls for no new investment in fossil fuels in net-zero plan | Biden frames EV goals as competition with China | US considering carbon import tax, Kerry says Kerry: US considering carbon import tax MORE said Tuesday.
Kerry said that President BidenJoe BidenFirm behind Arizona audit says no data was destroyed, contradicting GOP allegations Stacey Abrams on not being Biden’s VP: ‘He picked the right person’ Overnight Defense: Top Dem backs off request for Israel arms sale delay | Afghanistan withdrawal up to 20 percent done | Esper returns to defense industry MORE told officials to look at “what are the consequences, how do you do the pricing, what is the impact” of such a policy, according to The Associated Press.
“But he wants to make sure we’ve thoroughly vetted it and thought about it as a matter of policy, particularly because our friends are doing so,” Kerry said.
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“But we do have some concerns about what the downstream impact might be, and we want to understand that fully before jumping on this,” the former secretary of State added. “Our preference would be that every country is joining in in a fair manner in its efforts to reduce emissions sufficiently, that we’re all paying the price of avoiding the consequences of the global climate crisis.”
Kerry’s comments come as he is traveling in Europe. The European Commission has proposed a “carbon border adjustment mechanism,” which it describes as a carbon price on certain imported goods.
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During his trip, Kerry tweeted a photo with Frans Timmermans, who leads the work on the European Green Deal, the European Union’s (EU) climate plan.
“We welcome the EU’s new climate commitments of 55% greenhouse gas emissions reductions by 2030,” he wrote.