Washington: Two members of the parliament of democracy influence propose to introduce the Bicameral Law to impose taxes on imports from countries such as China and many others who do not take significant steps to overcome climate change.
Fair Transitional and Competition Action in 2021, which was also sponsored by Senator Chris Coons and Congressman Scott Peters, proposed to build a carbon border adjustment (BCA) on polluting imports.
It will determine the adjustment of carbon borders on carbon intensive imports to take into account the costs incurred by the US business to comply with laws and regulations that limit greenhouse gas emissions.
The two parliamentarian members said the border carbon adjustment would increase billions of dollars to support the community when they adapted with increasingly severe weather events and invested in new technology to eliminate greenhouse gas emissions.
According to the bill, the list of goods covered by tariffs will develop because the United States increases the process to determine the carbon intensity of various types of goods.
“The transition law and fair competition will facilitate the race to the peak among US companies to produce the next generation of energy and clean technology.
This step will ensure that we remain a major player in international cooperation about climate action and show the world that the US is fully committed to Handle the climate crisis at home and abroad, “Peters said.
International cooperation will be very important to achieve zero emissions, said Coon.
“We have a historic opportunity to show that climate policy runs along with providing economic opportunities as US innovators to develop and scale clean energy technology.
Fair transitions and competition laws will complement our efforts to reduce emissions at home, ensuring the United States is at the table To fripe trade around the climate, and provide resources to support vulnerable communities and energy innovations when we rebuild better, “he said.
The bill also maintains a flexible approach to developing policies to achieve climate goals and support US workers.
Recognizing the costs incurred by US companies in producing cleaning products due to emissions related laws and regulations, he contributed these costs by collecting import costs in carbon solid sectors and supporting international climate cooperation and framing trade and freezing.
around the climate.
The bill proposed to collect fees at import pollution to overcome carbon leakage which damaged urgent climate action.
Import costs will be based on the cost of the domestic environment issued and at first it will include carbon intensive items and exposed to trade competition, including aluminum, cement, iron, steel, natural gas, petroleum, and coal.
China emits more greenhouse gases than the whole world that was developed combined, according to a report compiled by the Rhodium group.
The report said China emitted 27 percent of world greenhouse gases in 2019.
The US was the second largest emitter at 11 percent while India was third with 6.6 percent emissions, said think tank.
Democrats to introduce bills to impose taxes on imports from non-climate law countries
