The need to address climate change remains urgent. Over the past 15 months, the U.S. Congress has passed meaningful legislation that has the potential to dramatically reduce emissions, and—importantly—allow the United States to lead in accelerating the global transition toward …
Article 6 of the Paris Agreement established a framework for countries to cooperate in achieving their climate commitments (nationally determined contributions, NDCs), using market mechanisms to enable greater ambition than they could achieve independently. The Paris Agreement implementing guidance finalized …
Carbon border adjustments, also referred to as “carbon border adjustment mechanisms” (CBAM), are an emerging set of trade policy tools that aim to prevent carbon-intensive economic activity from moving out of jurisdictions with relatively stringent climate policies and into those …