August 11, 2022

European Union, US agree to talk on carbon border tariffs to fight climate change, Europe News & Top Stories

BRUSSELS/WASHINGTON (REUTERS) – The United States and European Union agreed on Tuesday (June 15) to hold talks on the bloc’s planned carbon border tariff, possibly at the World Trade Organisation, EU chief executive Ursula von der Leyen said.

US President Joe Biden met European Commission President von der Leyen and European Council President Charles Michel on Tuesday for a summit tackling issues from trade to the Covid-19 pandemic.

The leaders also discussed climate change policy, including the EU’s plan to impose carbon emissions costs on imports of goods, including steel and cement, which the Commission will propose next month.

“I explained the logic of our carbon border adjustment mechanism,” von der Leyen told a news conference after the summit.

“We discussed that we will exchange on it. And that WTO might facilitate this,” she said.

Brussels and Washington are keen to revitalise transatlantic cooperation on climate change, after four fractious years under former president Donald Trump.

On Tuesday, they outlined plans for a transatlantic alliance to develop green technologies and said they will coordinate diplomatic efforts to convince other big emitters to cut CO2 faster. Carbon dioxide is the main greenhouse gas and the majority of mankind’s CO2 emissions come from burning fossil fuels.

But the EU border levy could still cause friction. A draft of the proposal said it would apply to some US goods sold into the EU, including steel, aluminium and fertilisers.

Brussels says the policy is needed to put EU firms on an equal footing with competitors in countries with weaker climate policies, and that countries with sufficiently ambitious emissions-cutting policies could be exempted from the fee.

The United States and EU are the world’s second- and third- biggest emitters of CO2, respectively, after China.

A draft of the EU-US summit statement, seen by Reuters, repeated commitments the leaders made at the G7 summit at the weekend to “scale up efforts” to meet an overdue spending pledge of US$100 billion (S$133 billion) a year by rich countries to help poorer countries cut carbon emissions and cope with global warming.

It did not include firm promises of cash. Canada and Germany both pledged billions in new climate finance on Sunday (June 13), and campaigners had called on Brussels and Washington to do the same.

The draft statement also stopped short of setting a date for the United States and EU to stop burning coal, the most polluting fossil fuel and the single biggest of greenhouse gas emissions.

Brussels and Washington said they will largely eliminate their CO2 emissions from electricity production by the 2030s.

in World
Related Posts

Four dead, one critical in New Mexico hot air balloon crash, United States News & Top Stories

June 26, 2021

June 26, 2021

ALBUQUERQUE, NEW MEXICO (REUTERS) – A hot air balloon crashed in an Albuquerque, New Mexico, neighbourhood on Saturday (June 26),...

Supermarket cashier killed in US state of Georgia in Covid-19 mask-wearing dispute, United States News & Top Stories

June 15, 2021

June 15, 2021

DEKALB COUNTY, GEORGIA (REUTERS) – A supermarket cashier in the state of Georgia in the United States was shot and killed by...

US to give ransomware hacks similar priority as terrorism, official says, United States News & Top Stories

June 3, 2021

June 3, 2021

WASHINGTON (REUTERS) – The US Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism...

Tough fight looms against ransomware ‘epidemic’, United States News & Top Stories

June 8, 2021

June 8, 2021

WASHINGTON (AFP) – A latest wave of ransomware attacks hitting the United States and globally portends a difficult battle against...

US rolls out punitive measures against Belarus over journalist’s detention, World News & Top Stories

May 29, 2021

May 29, 2021

WASHINGTON (BLOOMBERG) – The Biden administration announced it would re-impose sanctions against nine Belarusian state-owned enterprises and is developing additional...

Gaza reconstruction clouded by dispute over Israelis held by Hamas, Middle East News & Top Stories

June 28, 2021

June 28, 2021

GAZA (REUTERS) – Reconstruction of Gaza after last month’s fighting between Israel and Hamas is being held up by a...

Huge sinkhole threatens to swallow Mexican home, World News & Top Stories

June 1, 2021

June 1, 2021

PUEBLA, MEXICO (AFP) – A giant sinkhole that was expanding by dozens of meters each day has alarmed residents in...

While You Were Sleeping: 5 stories you might have missed, June 8, World News & Top Stories

June 7, 2021

June 7, 2021

Biogen’s Alzheimer’s drug approved in US in treatment landmark Biogen received approval for its controversial Alzheimer’s disease therapy, a landmark...

Robot waiters take Iraq’s Mosulites to the future, Middle East News & Top Stories

November 22, 2021

November 22, 2021

MOSUL, IRAQ (AFP) – From the rubble of Iraq’s war-ravaged city of Mosul arises the sight of androids gliding back...

Researchers seek to understand ‘glacier blood’, World News & Top Stories

June 12, 2021

June 12, 2021

GRENOBLE, FRANCE (NYTIMES) – Winter through spring, the French Alps are wrapped in austere white snow. But as spring turns...

Jordanian police attacked; witnesses cite anger over banned lawmaker, Middle East News & Top Stories

June 6, 2021

June 6, 2021

AMMAN (REUTERS) – There were “armed attacks on security forces” on the outskirts of the Jordanian capital of Amman on...

US says unclear Iran ready for nuclear pact return, Middle East News & Top Stories

May 23, 2021

May 23, 2021

WASHINGTON (AFP) – US Secretary of State Antony Blinken said Sunday (May 23) that it remains unclear whether Iran is...

Asian Americans dealing with daily trauma – and learning to find their voices, United States News & Top Stories

June 20, 2021

June 20, 2021

NEW YORK – In the dense generic underground echo of conversation and grating metal screech of trains in a Manhattan...

AstraZeneca tests Covid-19 vaccine booster against virus variant, Europe News & Top Stories

June 27, 2021

June 27, 2021

LONDON (AFP) – AstraZeneca and the University of Oxford on Sunday (June 27) began new trials to test a modified...

After year of pandemic cancellations, Americans celebrate July Fourth with a bang, United States News & Top Stories

July 4, 2021

July 4, 2021

NEW YORK (REUTERS) – Americans mark their nation’s 245th birthday on Sunday (July 4) with fireworks that may look brighter,...