Carbon Border Adjustment On Table, Biden’s Climate Chief Says

The Biden administration is not ruling out a border adjustment tariff levied on carbon-intensive imports as a way to combat global warming, White House National Climate Advisor Gina McCarthy tells the Bloomberg Sustainable Business Summit.

• “It’s not off the table, certainly, in any of the discussions,” McCarthy says
  • “There are many ways in which you could look at a carbon border adjustment as an opportunity here”
• NOTE: Businesses have increasingly embraced a domestic carbon tax-and-dividend approach with a border adjustment to protect U.S. industry
• “I don’t disagree with folks that are pushing on carbon npricing as a whole, but ...