Is Europe Right to Reject Carbon Tariffs?

It’s not every day Europe gives the U.S. lessons on free trade. But when it comes to climate change, that’s exactly what’s happening. Last week, European politicians rejected plans to impose a so-called ‘carbon tariff’ on goods from countries (read: emerging economies) that don’t curtail their CO2 emissions. That contrasts with Congressional plans to slap a tariff on imported foreign goods that don’t meet international standards on carbon reductions.

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