Europe plans border tax on carbon. Will others join the club?
What happens when one trading power is trying to drive down carbon emissions, and other nations aren’t moving so fast? That’s a hot question for the European Union, which makes its heavily polluting industries pay for their pollution while many other countries don’t.
Leaders in the EU have long argued that it’s time to level the playing field. Now they have a plan to use their market power to bring others into line.
The penalties they envision might have a side benefit for Earth’s climate by nudging other countries to ratchet down their own emissions.
A key goal is to fix what is now a “leaky” system. Inside the EU,
