Climate change, supply chain issues, and geopolitical concerns are sparking new questions about the status quo of trade policies. To meaningfully address these challenges, policymakers must adjust the international trade … Continued
Emissions from international shipping have climbed rapidly over the last decade and could account for more than 17% of global emissions by 2050. Yet the 2015 Paris Agreement does not … Continued
2022 was a pivotal year for climate policy. Congress passed the biggest climate bill in U.S. history, the EU reached a deal on a carbon border adjustment mechanism, and state … Continued
In November, COP27 culminated with international agreement to form a new “Loss and Damage” Fund, in which developed countries would compensate developing countries for the climate-linked costs that they cannot … Continued
At the U.N.’s COP27 climate conference in Sharm El-Sheikh, Egypt earlier this month, world leaders met to discuss and debate various proposals to minimize the effects of climate change. Some … Continued
The passage of the Inflation Reduction Act (IRA) in August, with its $369 billion commitment to addressing climate change, has been described as the most significant climate legislation in U.S. … Continued
In the annals of traditional Republican orthodoxy, climate change was viewed as a progressive issue, but that’s changing rapidly as a growing number of conservatives are newly energized on climate … Continued
When the Senate ratified the Kigali Amendment to the Montreal Protocol on September 21 by a vote of 69 to 27, twenty-one Republicans joined their Democratic colleagues in adopting an … Continued
The chemicals industry can play a pivotal role in decarbonizing the global economy. Chemical products serve as ingredients in the fuels and technologies that are essential for cutting emissions, such … Continued
The United States is one of the world’s most carbon efficient economies, producing goods with far less emissions than almost any other economy. This “carbon advantage” has been well documented, … Continued
The Council Discusses What Comes Next for U.S. Climate Policy By most accounts, the Inflation Reduction Act (IRA) is the most significant climate bill to ever pass the U.S. Congress. … Continued
We at the Council analyzed the impact of a European Union plan to charge certain carbon-intensive goods for the emissions released during their production. Though the plan is far from finalized and … Continued
The Supreme Court’s ruling on Thursday limiting the Environmental Protection Agency’s power to regulate greenhouse gas emissions from power plants underscores the need for Congress to step in and pass … Continued
Across continents and political aisles border carbon adjustments (BCAs) have been gaining increasing attention and interest among policymakers. This is encouraging. Setting the global economy on a trajectory to meet … Continued
The European Parliament approved a plan this week to charge some imports for their emissions in a big step towards harmonizing climate and trade in one of the world’s largest economies. The … Continued
Where and how goods are made has a huge impact on how much carbon dioxide is released into the atmosphere during their manufacture. Most climate policies around the world have … Continued
Russia’s invasion of Ukraine has sent the West searching for tools to weaken Vladimir Putin and deter Russian aggression. There’s a way to neutralize Russia, promote American energy independence, and … Continued
Border carbon adjustments are gaining momentum in Washington as a way to reward trade in low-carbon goods and boost clean, U.S. manufacturers. To implement a fair and effective border adjustment … Continued
On May 20, the Group of Seven (G7) finance ministers and central bank governors released a communique stating their intent to explore a “climate club,” a formal alliance between like-minded countries to … Continued
The Center for Climate and Trade hosted its first in-person event last week, and if we had to pick one takeaway from the discussion it’s this: the Biden administration wants … Continued
Worldwide solar capacity has increased over two thousand-fold in the last 20 years to more than 700 gigawatts, putting solar power at the center of the clean energy transition. As … Continued
When we tally a country’s carbon emissions, we typically consider only those emissions generated within its borders. But this approach misses an important dynamic in the global economy: while emissions … Continued
When the electricity system fails, the consequences can be deadly. The 2021 outages in Texas due to extreme cold are estimated to have killed more than 100 people, while burdening … Continued
As the idea of using trade mechanisms to reduce climate emissions gains steam around the world, a common claim is that companies lack the data and standardized methodologies to calculate … Continued