Tag: Taxation

The Price of Carbon Emissions Plunged in 2022, and That’s Not Good

Media Library

This chart, which hasn’t been published elsewhere, is disappointing. It shows a steep drop in 2022 in the global weighted average price per metric ton of carbon dioxide emissions: Making it more expensive to put greenhouse gases into the atmosphere is the market-oriented way to keep the planet from overheating. A high price tag on emissions gives emitters the incentive to switch to cleaner energy sources. It also raises the prices of energy-intensive products, encouraging consumers to choose ones that are friendlier to the environment. And so on. From a…

Chinese Companies Are Doing Risky Business in the Caribbean

Chin@Strategy

I spoke to two U.S. senators on opposite sides of the aisle — Chris Van Hollen, a Maryland Democrat, and Rick Scott, a Florida Republican — who in September announced they were sponsoring a bill “to protect American investors from risky investments in variable interest entities.” “On 99 percent of issues, I’m not aligned at all with Scott,” Van Hollen said. He said the two share an interest in consumer protection. When I told him about the new findings about China’s increased use of tax havens, he said, “That makes…

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

Chin@Strategy

WASHINGTON — President Biden has promised to use trade policy as a tool to mitigate climate change. This weekend, the administration provided its first look at how it plans to mesh those policy goals, saying the United States and the European Union would try to curb carbon emissions as part of a trade deal covering steel and aluminum. The arrangement, which American and European leaders aim to introduce by 2024, would use tariffs or other tools to encourage the production and trade of metals made with fewer carbon emissions in…