He’s been talking about it for months, but looks like he’s going to actually introduce it. An embedded-emissions tariff like this was proposed during early draft outlines of Build Back Better, but didn’t survive negotiation.
I’ll note that his idea of ‘more methane gas instead of coal’ is something which might have been a reasonable intermediate step 30 years ago. It’s not now, in a world where wind and solar are the cheap option.
It would effectively be a carbon tax, but not for US companies, right? That’s better than no carbon tax in my book.
Exactly. Let’s hope other countries get mad and create their own tariffs.