The EU Climate Tax That May Speed Greenhouse Emission Reductions

A border adjustment will tax carbon intensive imports

European Union flags at the EU building in Brussels, Belgium. Photo by Guillaume Périgois on Unsplash

A new EU tax on some of the most carbon intensive traded goods may address one of the greatest barriers to reducing global greenhouse gas emissions: the absence of near-term commitments from the largest, most rapidly growing developing nations. While the EU, US, and…