“Top EU Trade Official Says EU Carbon Border Adjustment Must Not Trigger Trade Wars”

Bernd Lange, chair of the European Union parliament's committee on trade, said that though it may be tricky to do so - given that the EU and other countries have different ways of encouraging cleaner industry - the EU's proposed carbon border adjustment measure should not be a way to just hike tariffs. "We have to avoid trade wars," he said to reporters in Washington Nov. 4. He said if another country does not have a cap and trade system and doesn't have a price on carbon, that doesn't mean they don't have climate change measures. "So we need to find equivalencies," he said...