As nations worldwide examine carbon tariffs in the model of what the European Union is set to begin rolling out in 2026, Congress is weighing legislation that would authorize the Department of Energy to start tracking the carbon intensity across a wide variety of sectors.
Optimism is growing in the Senate for instituting a tariff on carbon-intensive goods, a concept environmentalists have long considered a crucial tool to combat climate change.
The far-reaching plan to reduce the trade bloc’s carbon footprint includes tougher mandates for automakers, steel makers, airlines, energy producers and other industries.
