[CTC] Fwd: NEWS RELEASE: The EU’s New Carbon Border Tax Should Spur the U.S. To Implement Its Own

Thu Dec 15 13:23:13 PST 2022

---------- Forwarded message ---------
From: Carolyn Morrisroe <carolyn.morrisroe at sierraclub.org>
Date: Thu, Dec 15, 2022 at 11:30 AM
Subject: NEWS RELEASE: The EU’s New Carbon Border Tax Should Spur the U.S.
To Implement Its Own
To: <arthur at citizenstrade.org>

FOR IMMEDIATE RELEASE:
Thursday, December 15, 2022
Contact: Carolyn Morrisroe, carolyn.morrisroe at sierraclub.org

View as webpage
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*The EU’s New Carbon Border Tax Should Spur the U.S. To Implement Its Own*

*WASHINGTON, DC – *This week, the European Union reached a tentative
agreement
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on a carbon border adjustment mechanism (CBAM) that would require all goods
sold in the EU to include a levy that accounts for their impact on the
climate. This would ensure that manufacturers cannot avoid Europe's climate
standards by moving their operations outside the region.

A provisional deal would take effect on a trial basis in October 2023 and
would cover imports of iron, steel, cement, aluminum, fertilizers,
electricity, hydrogen, and downstream products such as screws and bolts.

The Sierra Club sees this development as crucial progress toward a global
climate-friendly trade model, and encourages the United States to move
forward with a similar mechanism.

*In Response, Sierra Club Living Economy Director Hebah Kassem Released the
Following Statement: *

“The climate crisis demands bold climate policies in countries across the
globe in order to create the more healthy, just, and sustainable world we
all want to see. Governments must take strong action, such as establishing
clean energy subsidies and more strictly regulating pollution, to get
anywhere near our climate goals. A properly designed
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Carbon Border Adjustment Mechanism can go far toward curbing the
outsourcing of materials manufacturing to countries where production causes
far more climate pollution.

“As the EU takes this significant step, we strongly urge the U.S. to mirror
this action by implementing a CBAM on embodied carbon in imported goods.
The U.S. should be a leader in elevating climate standards and
environmental justice while reducing carbon pollution worldwide.”

###

*About the Sierra Club*

*The Sierra Club is America’s largest and most influential grassroots
environmental organization, with millions of members and supporters. In
addition to protecting every person's right to get outdoors and access the
healing power of nature, the Sierra Club works to promote clean energy,
safeguard the health of our communities, protect wildlife, and preserve our
remaining wild places through grassroots activism, public education,
lobbying, and legal action. For more information, visit www.sierraclub.org
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