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[co-author: Gabriel Harrison] On Monday, July 19, 2021, Sen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA-52) introduced The FAIR Transition and Competition Act of 2021 (S. 2378). The bill would, among other things, amend the Internal Revenue Code of 1986, as amended, by establishing a Border Carbon Adjustment (BCA). As proposed, the BCA may be likened to a value-added tax (VAT) and is intended to address the phenomenon known as “carbon leakage,” wherein market actors attempt to avoid the cost of greenhouse gas regulations by sourcing products from less regulated jurisdictions. Proponen...

Fit for 55: Reshaping global climate leadership and transatlantic cooperation EnergySource by The Global Energy Center Facade of the European Parliament Paul Henri-Spaak building in Brussels, Belgium (Guillaume Périgois/Unsplash) On July 14, 2021, the European Union (EU) took another major step towards climate neutrality by rolling out a massive roadmap that provides a legislative backbone for the European Green Deal. The Fit for 55 package includes climate, energy, land use, transport, and taxation policies aimed at reducing greenhouse gas emissions 55 per...

The debate over the origins of the coronavirus—did it come from a wet market in Wuhan or from the virology lab nearby—has exposed the bias of media and technology companies and the potential danger of so-called gain of function research. But it also has led to something of an intellectual...

Spread the love DAVID MICHAEL TERUNGWA As African countries steps up efforts to revise and submit their Nationally Determined Contributions (NDCs) to the UNFCCC there is the urgent need to include the carbon fee and dividend policy otherwise referred to as climate income as the continents carbon pricing policy to build back better post COVID19, reduce poverty and achieve the African Union Agenda 2063. What is Carbon Fee and Dividend? Carbon Fee and Dividend is the policy proposal created by Citizens’ Climate Lobby (CCL) to internalize the costs of burning carbon-based fuels. It’s the poli...

A windmill for wind power generation stands near the chimney of a steel mill in Muroran, Hokkaido Prefecture, in 2010. (Asahi Shimbun file photo) With the threat of global warming at such an urgency that experts are warning about a “climate crisis,” this is no time for debating whether to introduce a plan to reduce carbon emissions by putting a price on them. The government should act on the assumption that the need for such a system is indisputable and swiftly design a carbon pricing system that can achieve both a carbon-free future and economic growth. Carbon pricing means imposing char...