News > Democrats propose tax on imports from countries without climate laws

Democrats propose tax on imports from countries without climate laws

Business Standard | 20/07/2021 04:40 PM | Click to read full article

Two influential Democratic lawmakers are proposing to introduce bicameral legislation to impose a tax on imports from countries like China and many others who are not taking significant steps to address the challenge posed by climate change.

The FAIR Transition and Competition Act of 2021, which is also sponsored by Senator Chris Coons and Congressman Scott Peters, proposes to establish a border carbon adjustment(BCA) on polluting imports.

-