Biden and Trudeau virtual bilateral meeting in February
US and Canada plot road to carbon border adjustments
The imposition of carbon tariffs is legitimate for tackling environmental concerns but risks initiating a slippery slope towards global trade protectionism, experts warn
The US and Canada appear to have jumped onto the carbon border adjustment (CBA) bandwagon in recent weeks, joining the UK and EU as major proponents of carbon tariffs as a means of protecting their economies from countries with laxer climate regimes. Prime Minister Justin Trudeau said joint environmental plans were an important topic of discussion during his virtual meeting with President Joe Biden on 23 February, including how to single out countries with weaker carbon taxes and regulations. People close to both leaders have indicated they are highly supportive of CBAs as they ramp up efforts to decarbonise their respective economies. “Some could argue climate change is so serious th
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
