The Climate Leadership Council submitted comments to the Office of the United States Trade Representative (USTR) on the impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on U.S. producers.
Because American manufacturers produce goods with far lower emissions than their global competitors, the CBAM should offer competitive benefits for U.S. industry, but only if it is implemented right. The Council urges USTR to engage the EU on three early implementation challenges: implementation timelines, verification, and default values.
