Monday, May 10, 2021

Fear of climate change rust belt has governments considering carbon border levy

USA-ELECTION/RUSTBELT

The federal budget shows Canada is backing a European push for a price on carbon across borders. It's prompted, in part, by fear of a Rust Belt repeat. Then, industries hollowed out in rich countries as manufacturing chased cheaper labour; this time, the draw would be from countries with climate regulations to those without.



source https://www.cbc.ca/news/business/carbon-adjustment-column-don-pittis-1.6016074?cmp=rss

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