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It’s feeding time at Taronga Zoo, and you’re invited.

It’s feeding time at Taronga Zoo, and you’re invited.

With the European Union working on a carbon border adjustment mechanism, and congressional Democrats formulating their own carbon import tax plans, U.S. businesses — especially those in emissions-intensive, trade-exposed industry sectors — could face adverse trade effects, supply chain problems and increased transactional costs, say attorneys at Hogan Lovells.

With the European Union working on a carbon border adjustment mechanism, and congressional Democrats formulating their own carbon import tax plans, U.S. businesses — especially those in emissions-intensive, trade-exposed industry sectors — could face adverse trade effects, supply chain problems and increased transactional costs, say attorneys at Hogan Lovells.

The Europe-wide carbon border adjustment mechanism that the European Commission recently proposed would affect industries and supply chains around the globe, posing financial and trade-related regulatory and contractual challenges for companies, and possibly leading to disputes at the World Trade Organization, say attorneys at Hogan Lovells.