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Carbon tariff dispute in Copenhagen
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12/15/09 09:20 PM ET
Recall that several Rust Belt senators say any final U.S. climate bill must include the right to impose carbon tariffs on certain goods from countries that don’t impose tough emissions curbs of their own.
The big climate bill the House approved in June allows these so-called border adjustments starting in 2020.
But Chinese officials at the Copenhagen climate talks are attacking such measures and want the planned Copenhagen accord to prevent trade sanctions, Bloomberg reports.
“We will always oppose any practice of establishing trade barriers under the guise of protecting the global environment,” said Yu Qingtai, China’s climate change ambassador.
Reuters reports that “Carbon border tariffs -- fees on imports from countries perceived as weak on cutting emissions -- have long been denounced by China, but trade has not been a high profile issue at negotiations so far, even though any substantial deal would bring major economic shifts.”
Stay tuned.
The big climate bill the House approved in June allows these so-called border adjustments starting in 2020.
But Chinese officials at the Copenhagen climate talks are attacking such measures and want the planned Copenhagen accord to prevent trade sanctions, Bloomberg reports.
“We will always oppose any practice of establishing trade barriers under the guise of protecting the global environment,” said Yu Qingtai, China’s climate change ambassador.
Reuters reports that “Carbon border tariffs -- fees on imports from countries perceived as weak on cutting emissions -- have long been denounced by China, but trade has not been a high profile issue at negotiations so far, even though any substantial deal would bring major economic shifts.”
Stay tuned.
