Biden’s climate stance spurs business interest in CO₂ pricing

A growing number of companies and business associations have expressed support

As the Biden administration settles into office and begins to lay out its priorities, it is becoming apparent that putting a price on carbon may not be the lost cause that it has seemed in recent years. The launch of a more aggressive climate stance in Washington has already drawn reaction from the business community. The US Chamber of Commerce said in a remarkable about-face on 19 January that it is not averse to carbon pricing. “We believe that durable climate policy must be made by Congress, and that it should encourage innovation and investment to ensure significant emissions reductions,” the Chamber said in an updated position paper posted on its website. “This policy should include wel